gas prices
gas prices Articles
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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Year-end gasoline prices will be at their highest level since 2014, according to the AAA. This will be the case despite a modest drop in prices from current levels.
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Thanksgiving holiday motorists can expect to about 40 cents a gallon more for gas this week than they paid at the same time last year. Prices eased a couple of pennies in the last week, but prices...
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Gas prices usually move in tandem with the price of oil. True to form, as crude has jumped from below $50 a barrel in early October to over $57, the price of gas has risen, too. It is now at or near...
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