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The current decline is notable given prices at the pump are about $0.30 lower than a year ago, when oil was hovering around the same levels as today.
Still, that would be below the peak of $3.88 a gallon last year – a peak that didn’t occur until September. “I’m not looking for a spike in gas prices,” Lipow said. Why gas prices have ...
U.S. oil refiners were using 89.5% of capacity as of last week, still seasonally high. Overall U.S. refining capacity has declined since the coronavirus pandemic crushed demand in early 2020.
The national average price for a gallon of gas are going down in the U.S. with Tuesday's national average just at $3.137, according to AAA.. The amount is 9 cents lower than last week's average ...
Drivers are in for another headache at the pump as U.S. gas prices continue to rise. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than ...
Oil has fluctuated while pump prices stayed high. Analysts expect the cost of gas to stay up for now, but lawmakers are discussing relief options. Why are gas prices still so high?
The price of crude oil is responsible for about half the cost of gasoline at the pump, and that makes sense because you really can't have gas without it. So as crude oil prices soar, so do ...
That’s because aggressive oil supply cuts in Saudi Arabia and Russia and deadly flooding in Libya have sent crude prices on a tear. Oil prices hit a 10-month high on Friday and are on pace to ...