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Prices are changed at 6am each morning, and must be held for 24 hours. Each afternoon, the prices for the next day are released to the public and the media, allowing consumers to make an informed decision whether to fill up today or tomorrow, safe in the knowledge that prices cannot change. See also. Gasoline usage and pricing; Petroleum
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
The average price of gas was $3.38 on January 20, up 17 cents from a month earlier. [67] [68] By early February, the national average for gasoline was $3.48, though oil prices were at $98, the lowest in six weeks, and U.S. demand was the lowest since September 2001. [69]
Weak demand is keeping a lid on oil prices. Just take look at gasoline for proof, OPIS global head of energy analysis Tom Kloza told Yahoo Finance Live. "Demand is quite weak.
This is a list of major gas station chains in the Philippines. This includes the "Big Three", which refers to the top three companies in the oil industry: Petron, Shell, and Caltex. Historically, Seaoil was part of this grouping. [1]
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
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