gas prices
gas prices Articles
The spread of the coronavirus has undercut world oil prices. One byproduct of the trouble is a drop in gasoline prices in the United States.
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Gas prices have dropped to their lowest level since last March and now average $2.50 a gallon nationwide.
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For the first time in two months, the national average price for a gallon of regular gas rose last week.
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U.S. gasoline prices have been declining for seven straight weeks and reached $2.53 a gallon Monday morning, their lowest level since March.
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Gasoline prices are as low as they have been since April, and drivers can expect those prices to continue to fall in early 2020.
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Gasoline prices fell again last week for the sixth consecutive drop. Crude oil prices jumped last Friday on news of a trade deal with China, but U.S. refined product inventories remain high.
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The gas price declines of the past several weeks have drifted to less than a penny. Prices could begin moving higher this week, especially if China and the United States reach some agreement on trade.
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Gas prices slipped again last week, giving Thanksgiving holiday travelers even more to be thankful for.
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The U.S. national average gas price rose by 2.5 cents a gallon last week, ending a three-week run of falling prices.
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The U.S. national average price for a gallon of regular gas fell by five cents last week. That's the third consecutive week of lower prices.
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U.S. gasoline prices have not moved much in the past month. A gallon of regular in California today costs over four dollars.
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The national average price of gasoline has declined for the second straight week, according to industry analysts at GasBuddy. Again, the West Coast appears to be leading the average lower.
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Retail gas prices dropped slightly last week as West Coast refineries came back online following unexpected outages.
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U.S. gas prices moved slightly higher last week while refinery outages in California sent prices soaring above $4 a gallon.
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The national average gasoline price dropped by nearly two cents a gallon over the past week. Except in California and along the West Coast where refinery outages have sent prices sharply higher.
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