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Helene reached hurricane status Wednesday and was forecast to grow more powerful and dangerous before making landfall Thursday evening on Florida's Gulf Coast as a devastating Category 4 storm, up ...
Gas prices hit a 2023 high earlier this month, renewing concerns that US inflation will reverse its downward trend. The upward trend is largely due to the 15% jump in crude oil prices seen in July .
Despite a spike at the pump in the short term, Kloza forecasts retail gas prices will move lower in the second half of the year. "US gas price averages will largely be well below $3 per gallon in ...
So, what does that mean for the average price of gas in 2023? According to the U.S. Energy Information Administration’s Short-Term Energy Outlook report for December 2022, gasoline prices will ...
The national average for regular driving fuel now sits at $3.20 per gallon, according to AAA data. The last time gas prices were this low in 2023 was on Jan. 1, at $3.21.
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
Kloza believes gas prices could drop to around $3.25 or $3.50 per gallon, and he doesn’t see this trend reversing until the middle of the first quarter of 2024.
Gasoline prices hit 2023 highs this week as US crude topped $90 per barrel for the first time since November of last year.. The national average for gas, according to AAA, reached $3.87 per gallon ...