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Drivers can expect to end 2023 with gasoline prices around their lowest levels of the year. ... The Energy Information Administration forecasts gasoline will average $3.36 next year, compared to ...
Gasoline prices hit 2023 highs this week as US crude topped $90 per barrel for the first time since November of last year.. The national average for gas, according to AAA, reached $3.87 per gallon ...
The data showed gasoline prices down 10% from a year-ago, the largest annual decline since July 2023. Gasoline prices, as measured by the Consumer Price Index, have not grown since April.
Gas prices hit a 2023 high earlier this month, renewing concerns that US inflation will reverse its downward trend. The upward trend is largely due to the 15% jump in crude oil prices seen in July .
Commentary: California regulators are proposing a cleaner-burning recipe for gasoline that may increase its price by about 50 cents a gallon. Republicans smell blood.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [7]
The COVID-19 pandemic in 2019–2020 caused a rapid drop in energy demand and a corresponding cut in oil production, and despite the 2020 Russia–Saudi Arabia oil price war, OPEC responded slowly to the demand recovery under new normal, causing a supply-demand imbalance. The 2021–2022 global supply chain crisis further stressed the delivery ...
Separate data from AAA show the nationwide average for gas prices is $3.217 per gallon, down 17% from a year ago. Most states in the South and parts of the Midwest already pay less than $3 ...