gas prices
gas prices Articles
The national average price for a gallon of regular gas rose to $2.60 this week and diesel fuel prices hit $3 a gallon as refined products prices catch up with rising crude prices. Don't expect a...
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Continued demand for crude oil and gasoline to export combined with unusually high demand for this time of year are keeping gasoline prices high.
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Since gasoline prices move nearly lockstep with oil prices, gas prices are likely to sprint toward $3 soon. And there could be an effect on the consumer economy.
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Gasoline pump prices did not rise week over week, but they didn't fall either and remain significantly higher than usual for this time of year.
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If the price of gas and other oil-based products soar and stay that way for any long period, the global economy would be crippled.
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Gas prices in the United States rose last week as falling inventories of crude oil had a bigger impact on prices did a continuing rise in the nation's stockpiles of gasoline.
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A barrel of benchmark Brent crude oil traded above $70 in London on Thursday, the first time Brent has reached that level in more than three years. Higher consumer prices are likely to follow.
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If $70 a barrel oil becomes the new normal, $3 a gallon gasoline prices are just behind it. That cannot be good for the economy in almost all cases.
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Gasoline prices rose by less than a penny last week, and prices should not change much between now and Valentine's Day.
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The national average price for a gallon of regular gasoline rose six cents last week to $2.49, its highest level in more than a month and up nearly 15% year over year.
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Gasoline prices are driven by several things, including proximity to refineries, states taxes and levies, and oil prices. Oil prices have the largest effect by far.
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The national average price for a gallon of gas rose a penny last week as a result of unexpected outages at two Midwestern refineries.
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Pump prices for gasoline have been rising for several months now as the production cuts instituted by OPEC and its partners have begun to force consuming nations to draw down oversupplied inventory...
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As oil prices fluctuated a fair amount last week, gasoline prices moved lower, with the average price dropping to $2.45 a gallon.
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U.S. gasoline prices dropped more than three cents a gallon over the past week. Higher than usual demand has kept prices up since Labor Day, a time when prices historically have slipped.
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