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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]
Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
In Europe, gas prices increased by more than 450%, and electricity by 230% in less than a year. [108] On February 22, 2022, before the Russian invasion, the German Government froze the Nord Stream 2 pipeline between Russia and Germany, [109] causing natural gas prices to rise significantly. [110]
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...
Even in California, where gasoline is the most expensive in the country, prices are down roughly $0.16 from a week ago and $0.78 from last year, when a tropical storm hammered the state and caused ...
International pump prices for diesel and gasoline are tracked by several websites, including Bloomberg L.P. [4] Price differences mostly reflect differences in tax policy. A Nature study has shown that while gasoline taxes have increased in more countries than they have decreased in during the period 2003–2015, the global mean gasoline tax ...
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.