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September 12, 2024 at 6:04 AM. By Shariq Khan. NEW YORK (Reuters) - U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in over three years as soon as next month ...
Continuing a recent downward trend, the average price of gas nationwide will fall to $3.27 per gallon on Labor Day, GasBuddy predicted in its annual travel forecast for the holiday. The projection ...
Separate data from AAA show the nationwide average for gas prices is $3.217 per gallon, down 17% from a year ago. Most states in the South and parts of the Midwest already pay less than $3 ...
Nationally, the average price of a gallon of gas averaged $2.35 in January 2017, according to the federal Energy Information Administration. Gas prices and the White House Whether Trump had much ...
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.
“I expect prices to rise to my previous February 20th price forecast of $3.65 as we head into the summer driving season. I don’t expect a repeat of last summer’s price surge to $5 per gallon.”
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.
Gasoline prices have also fallen to their lowest level since February, with the national average at $3.24 per gallon, according to AAA. ... The analysts forecast Brent will average $75 per barrel ...