gas prices
gas prices Articles
Despite recent price increases for both WTI and Brent crude oil, global inventories are expected to rise by an average of 900,000 barrels a day in the second and third quarters of 2016.
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As hope falters there will be an agreement among large oil-exporting countries that would drop production below current levels, gas prices in more of California will be $3 soon.
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The national average price for a gallon of regular gasoline has dropped nearly two cents in the past week and the most expensive gas is in San Francisco.
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As oil prices rise, and the national average for a gallon of regular gasoline reaches $2.21, only six states still have gas prices below $2.
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The average price for a gallon of gasoline has reached $2.97 in San Francisco. Several other large cities in the state have prices nearly as high.
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Oil production by state alone does not mean low gas prices. Both gas taxes and proximity to refineries do.
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While the average U.S. price for a gallon of regular gas last week jumped eight cents, folks living in Nebraska's Dakota and Dixon counties saw pump prices soar by 30 cents a gallon.
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The average price for a gallon of regular gasoline reached $2.20 recently, up from $2.04 a month ago and $2.56 a year ago.
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It has been a long time since the price of an average gallon of regular gasoline topped $3 anywhere in the United States. The price is close to that in San Francisco.
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The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14. Diesel fuel prices also rose.
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Road trips are back on the agenda, according to AAA. Some 55% of Americans are planning a road trip this summer to take advantage of the low gasoline prices.
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According to the latest numbers from the U.S. Energy Information Administration, more than 11% of all gasoline sold at gas stations in the United States is premium grade.
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The average price across the United States for a gallon of regular gasoline last week jumped almost seven cents to $2.12.
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Most of the lowest gas prices in the United States are at locations in Texas, Oklahoma and Louisiana, near huge oil deposits and the block of refineries on the Gulf of Mexico south of Houston.
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U.S. drivers can expect to gasoline prices this summer to average about 22% less than last year, according to the U.S. Energy Information Administration.
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