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Gasoline Pump Prices Near 1-Year High: Is This An Inflationary Threat?
Wednesday, February 28, 2024 - 11:39am | 690Gasoline prices at the pump are on the rise again, after falling to a two-and-a-half-year low in early January. On Wednesday, the national average price rose to $3.30 a gallon, up 2.2 cents from a week ago, and up 25 cents from $3.05 hit on January 11, which was the lowest since June 2021....
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Oil Prices Up As Iran Tests Ballistic Missiles, OPEC Raises Economic Forecasts
Tuesday, February 13, 2024 - 4:49pm | 696Oil prices rose on Tuesday pushing up average gasoline prices at the pump on concerns supply could be disrupted as Iran tested a ballistic missile in the Gulf of Oman, while demand hopes were led by OPEC raising its economic forecasts. Nymex WTI, the U.S. benchmark crude oil futures contract, was...
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OPEC's Biggest Threat: American Drivers?
Friday, March 17, 2017 - 8:53am | 387OPEC, the multi-nation group of some of the world's largest and most powerful oil countries, should be worried that President Trump's America-first and energy friendly policies will prove to be a formidable competitor in the global oil market. But there's another threat to OPEC's...
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Average National Gas Prices At Their Highest Since March 2013
Wednesday, April 30, 2014 - 3:41pm | 534April has indeed been the cruelest month – if you're talking about U.S. gas prices. AAA reports the national, average price of gas this week reached $3.70 a gallon, or the most expensive gas has been at the pump since March 20 of last year. Gas prices have also risen 13 percent, or an average...
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How Low Will Gas Prices Fall?
Monday, November 18, 2013 - 1:11pm | 785As the week begins, it's costing Americans roughly 11 percent less to gas up their vehicles than it did in early September. In fact, the price of gasoline is at its lowest level since the Libyan revolution erupted in early 2011. What's not clear is if the gas-price declines are done. The...