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Even the stock market’s most prominent names are suffering in 2022’s unhospitable environment. Take Microsoft (MSFT) for example, whose shares show a year-to-date uncharacteristic 14% decline.
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The commission set the price of gas below the market rate, resulting in price distortions. The low prices encouraged consumption and discouraged production. By the 1970s, there were shortages of price-regulated interstate gas, while unregulated gas within the gas-producing states (intrastate gas) was plentiful, but more expensive.
Wall Street analysts are forecasting a bearish market for oil next ... JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026 ...
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
Gasoline prices have been dropping fairly steadily in California and across the nation since their June 2022 peak. Nationally, the average price of a gallon of regular gasoline Thursday was $3.20.
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