Gas prices on Thursday were slightly less on average than they did one year ago — with a slim one-cent margin — but experts say there could be cheaper gas in the weeks and month to come. Thursday’s na...
Tag: Gallon
Oil Prices Plunge As Economic Woes Intensify—Here’s Why That Means Gas Prices Could Soon Fall Below $3 Per Gallon
Topline Oil prices plummeted to 10-month lows Monday morning after stark warnings from Chinese officials shed light on the nation’s increasingly worrisome Covid outbreak—highlighting the uncerta...
$8 a gallon gas? RBC energy guru on why we should brace for higher oil prices
American consumers may have gotten a bit of a break from sky-high gas prices over the past few months as the prices for oil and natural gas in the U.S. have eased off their peaks from earlier this yea...
Gas Drops Below $3.50 A Gallon In These 10 States—With More Likely To Come
Topline The two-month tumble in U.S. gas prices shows no sign of slowing as fall approaches, which typically brings a seasonal drop in demand that experts say could push the national average below $3....
Gas prices are dropping across the US. Why now? Which states could hit $3 per gallon?
After the national average for gas surpassed $5 per gallon in June, U.S. drivers are finally finding some relief at the pump. But how low could prices go? A handful of Southern states are inching clos...
National average for a gallon of gas drops below $4
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time si...
Gas Falls Below $4 A Gallon For First Time Since March
Topline The average price for a gallon of gas dipped below $4 on Tuesday morning for the first time in the U.S. since March, according to fuel pricing platform GasBuddy, a welcome milestone as prices ...
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budg...
Expect gas prices to drop to $4 a gallon soon, Biden energy adviser says
After peaking above a record $5 a gallon in June, U.S. gas prices should continue to fall in the coming weeks, a top White House energy adviser said Sunday, predicting prices around $4 a gallon, on av...
Biden Advisor Says Gulf States Could Ramp Up Oil Production—And Gas Prices May Fall Toward $4 Per Gallon
Topline Persian Gulf oil producers will likely take steps to boost production in the weeks following President Joe Biden’s trip to meet with Middle Eastern leaders, one of the president’s energy advis...
Gas Under $4 A Gallon? It’s Already Here In These Places.
Topline Gas prices across the U.S. are in a historic free fall after peaking at a record high of more than $5 a gallon on average less than a month ago, as signs (for now) point to continued declines ...
This must happen for gas prices to go below $4 a gallon
Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less. “I t...
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a sma...
Gas prices over $5 a gallon isn’t the stock market’s only problem
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, June 13, 2022 Today’s newsletter is ...
U.S. gas prices hit a record high of $5 per gallon fueled by summer travels
The cost of gas in the United States continues to skyrocket amid an increase in demand fueled by summer travels and pressure on the national reserves. As of June 9, the cost per gallon surpassed an a...
Gas Now Tops $5 A Gallon In These 13 States
Topline Average U.S. gas prices are now more than $5 per gallon in over a dozen states, according to the latest American Automobile Association data, as prices continue to climb to new record levels d...
Record Crack Spreads, $9.77 A Gallon Gas And Why Pump Prices Seem To Go Up Faster Than They Go Down
Average gas prices in the U.S. are surging toward a record $5 per gallon. Getty Images The most expensive gasoline in the United States can be found at the Chevron station in Mendocino, California, wh...
Gas prices: 7 U.S. states top $5 per gallon as inflation bites
Brace yourselves for more pain at the pump this summer. Seven states are now at an average of $5 or higher per gallon, according to AAA data, with Illinois becoming the latest to join California, Oreg...
$6 a Gallon Gasoline? Here’s How It Could Happen.
Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natas...
Two stocks that stand to gain as fuel ready to hit $6 a gallon at the pump
National gasoline prices hit $4.57 on Wednesday, May 18, while in California and other states, prices are over $6.00. Elevated oil prices should not bear the sole blame for this; reduction in oil refi...
Why $5 A Gallon Gasoline Looks Inevitable
UNITED STATES – MAY 18: From left, Sen. John Kennedy, R-La., Sen. Lisa Murkowski, R-Alaska, Sen. … [+] John Barrasso, R-Wyo., hold their news conference in the Capitol on gas prices on Wed...
California’s gas average tops $6 per gallon as nationwide prices surge
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above ...
National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest l...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...
Biden says latest Strategic Petroleum Reserve release could cut gas prices 10 to 35 cents per gallon — but some experts worry about long-term costs
President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Gas prices are already expected to top $5 a gallon, but experts lay out a scenario that could be much worse
Gasoline prices, already soaring following Russia’s invasion of Ukraine, may climb even higher during the busy summer driving season. Unleaded gas, which reached a record $4.33 per gallon in the U.S. ...
National average for a gallon of gas tops $4, the highest price at the pump since 2008
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...
What Does $5 a Gallon Gas Mean for the Average American?
The idea of paying $5 a gallon for gas scares most Americans — at least the ones who don’t live in California, where AAA reports that the price per gallon for gas currently sits at $5.07. ...
Average national gasoline price surges to $3.83 a gallon, the highest since 2012
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...