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Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen.
The last time gas prices were up on a year-over-year basis was late December 2023, according to AAA. The highest recorded price for unleaded gas was in June of 2022, when a gallon averaged $5.02 ...
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
State scientists warn of gas price impacts to the Low Carbon Fuel Standard, ... air board staff estimated that gasoline prices may jump by an average of $0.47 next year and $0.52 by 2026. They ...
In Florida, the price jumped by 8 cents in a single day. Over the past week, the average price of gas has spiked 10 cents nationally, according to AAA, and every part of the country is being impacted.
Crude oil prices to gas prices Henry Hub natural gas prices. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. [1]
The average price at the pump is $1.61 higher than it was one year ago. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $6.20 per gallon.
A new crisis is brewing in one of the world’s trade arteries, threatening to snarl supply chains, and push up oil prices and broader inflation at a time of slowing economic growth.