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One year ago, gas prices in the capital city averaged $4.73 per gallon for regular gas. ... “Uncertainty of the impact of Ukraine’s targeting of Russia’s oil infrastructure likely spiked oil ...
US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting downward pressure ...
The Fed measures inflation year-over-year, so the fact that we’re having a spike in gasoline prices right now makes it more likely that by next year price growth will be below 2%.
Therefore, we need to separate the dominant influence of gas on the price of electricity. That is why we are undertaking a deep and comprehensive electricity market reform.” [110] Indeed, in April this year, Spain and Portugal obtained preliminary approval from the European Commission to set a maximum gas price of 50 euros/MWh for an entire year.
Oil's year-to-date move to the upside has exacerbated upward pressure on prices in recent months. Over a one-month period, US crude rose from $78 to $85 per barrel, accounting for an increase of ...
As infrastructure construction costs have grown and vehicles have become more fuel efficient, the purchasing power of fixed-rate gas taxes has declined (i.e., the unchanged tax rate from 1993 provides less real money than it originally did, when adjusted for inflation). [19]
Gas prices are once again on the rise, ... the largest single-day increase in a year. In Florida, the price jumped by 8 cents in a single day. Over the past week, the average price of gas has ...
In the 2000s, this new demand – together with Middle East tension, the falling value of the US dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation – triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 per barrel ($926/m 3) in 2008.