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Industry analysts point to a blend of lackluster demand and strong supply — as well as relatively mild oil prices worldwide. Here's a rundown of what you need to know. Today's falling gas prices ...
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.
Presidents actually have little direct influence on gasoline prices, which move based on global supply and demand fundamentals. Prices have dropped sharply this year because demand has been weaker ...
"If current crude prices continue to do the cha-cha, and there are no events (fires, hurricanes, etc.), consumers can expect another 20 to 25 cents per gallon of downside for local gas prices ...
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. [6]
According to AAA, the national average gas prices on Tuesday came in at $3.01 for regular gas, $3.49 for mid-grade, $3.84 for premium, $3.51 for diesel and $2.42 for E85. AAA keeps track of gas ...
Oil prices slid on Thursday after US gasoline and distillate fuel stockpiles pointed to lower demand, overshadowing supply concerns from Libyan oil field disruptions.
Gasoline prices are on a downward trend, with 11 states now averaging below $3 per gallon.The steady decline comes amid falling seasonal demand and use of less-expensive winter-grade gas.. Drivers ...