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Gas prices were low for years because oil drillers produced too much oil—and lost money. ... The real reason gas prices are so high. Rick Newman ... energy stocks lost so much value that they ...
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%.
The US is also witnessing a weaker trend in fuel consumption following a 2023 high in prices reached in mid-September. "Gasoline demand has been weak," said the EIA's Barron.
On Wednesday, regular gasoline was going for an average of $3.83 across the country, according to auto club AAA, up five cents from last week and the first time prices have gone up in more than ...
Need to fill your tank today? Here's a look at the average price of gas around the state.
After a tumultuous year, U.S. gasoline prices have been steadily falling from peaks reached in June due to high demand and tight global refining supply. Although 60% of U.S. states saw gasoline ...
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