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In Florida, the price jumped by 8 cents in a single day. Over the past week, the average price of gas has spiked 10 cents nationally, according to AAA, and every part of the country is being impacted.
The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe. The cold temperatures ...
GasBuddy is a technology company headquartered in Dallas that offers mobile applications and websites for tracking crowd-sourced locations and prices of gas stations and convenience stores in the United States and Canada. Their platforms offer information sourced from users, gas station operators, and partner companies.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
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Gas prices in the U.S. have fallen 49 cents in the past month to a national average of $4.49 per gallon as of July 19, according to AAA, driven in part by concerns over a potential recession ...
The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry. It claims to represent nearly 600 corporations involved in production, refinement, distribution, and many other aspects of the petroleum industry.