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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 .
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 ...
Future gas prices depend on a number of factors that aren’t easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging ...
The EIA predicts that in 2023, a gallon of regular gasoline will average $3.51 compared to the average price of $3.99 per gallon for 2022. Of course, because no one can accurately predict the ...
"The State of California would purchase and own refineries in the State to manage the supply and price of gasoline," reads a report issued in draft version in May by the Energy Commission. The ...
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Drivers can expect to end 2023 with gasoline prices around their lowest levels of the year. On Tuesday the national average price of gasoline was $3.08 per gallon, according to AAA data. It could ...
The price of a gallon of gasoline in California is driven largely by oil prices. The California Energy Commission found in November that about 41%, or $2.02, of the cost is crude oil.