The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon. When was the last time gas was under $2 a gallon?The last time the average price of gas was less than $2 was 15 years ago, in 2004. The average price of ...
Dec 04, 2024 at 08:10 | Simon Watkins The exploration and production (E&P) contract for Iraq’s second biggest gas field – Mansuriya – has now been activated by China’s Jereh Group, according to local news sources. In… Europe Depletes Gas Inventories At Fastest Rate in Six Years Ahea...
Gulmez's tiny house is equipped with a natural gas heating system to keep him comfortable in the cold winter days, but he chose to stop using it last year as he could not afford the high bills amid soaring inflation in the country. "Last year, I used natural gas for only 10 days an...
The Friday's price spike occurred after pump prices in those counties broke records on Thursday. Fuel costs in the region are about 31 cents higher than last week and nearly 42 cents more than a month ago, according to the American Automobile Association (AAA). In Los Angeles County, the ...
Oil prices spiked again on Thursday following a new round of U.S. sanctions targeting Russia's oil-refinery sector. The price of Brent crude oil, the international benchmark, rose to nearly $120 a barrel — its highest level in 10 years — before dropping back down to $110.46 a barrel,...
Likewise, inflation (as measured by the Consumer Price Index) ishistorically high. There has been exactly one midterm in the last century (1974) in which the inflation rate (year over year) was at the same level or higher than it is right now. ...
In the last 10 years, the oilfield services sector has lagged behind the rest of the oil and gas industry, as efficiency and productivity gains in the shale market reduced the business and margins of this sector. Simply put, the sector became a victim of its own technological success for it...
Use these tips to help you skate through the season with your bank account balance intact. Maryalene LaPonsieNov. 26, 2024 Budget-Friendly Holiday Traditions Create lasting traditions this holiday season while sticking to your budget. Jessica WalrackNov. 25, 2024...
Based on the price patterns observed over the last decade, it is difficult to make the case that there's a correlation between crude oil and natural gas prices. The U.S. is one of the few countries that seem to have a balancedinfrastructureand established market for oil and natural...
Gas price components Out of all components making up retail gasoline prices, federal and state taxes are one of the strongest determinants for how much consumers pay for gas. These taxes are generally invested back into the construction and repair of road infrastructure. The federal government also...