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Why are gas prices so high? ... the average price of unleaded regular gasoline in America in June 2024 was $3.601 per gallon. ... it's higher than it was earlier this year, when gas was as low as ...
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 ...
Gas prices in the United States have slid from their all-time peak in fall 2022, but there are drivers in at least one state who still pull up to the pump and cringe. The current average gas price ...
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Gas flares were common sights in oilfields and at refineries. U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
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However, the average number of active gas drill rigs has fallen each year for four straight years from 2010 (942 rigs) to 2014 (332 rigs), a drop of 65 percent, even while gas production rose each year for the same period, from 21.3 trillion cubic feet (TCF) in 2010 to 25.7 TCF in 2014, an increase of 21 percent.
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.