WASHINGTON, June 14 (Xinhua) -- Gas prices soared to the highest in U.S. history over the weekend. But one question remains: could they spike even higher? Gasoline prices hit the 5-U.S.-dollar mark for the first time ever on Saturday, further stinging millions of drivers who were alre...
Gas prices are displayed at a gas station in Los Angeles County, California, the United States, on March 20, 2022. The average price of self-serve regular gasoline a gallon in Los Angeles County, the most populous county in the United States, rose 1.6 cents Sunday to a record high of 5...
Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U...
The state average for gas prices is now well over five dollars a gallon.California is the only statewith an average of over $5. At a gas station on Eight Mile Road in Stockton, people were met with a $5.69 per gallon price tag. According to economists, Californians are espec...
Politicians often take the heat for high gas prices, but they have little to do with what you pay at the pump. The nationwide average price for a gallon of gasoline has hit $5 for the first time ever. Auto club AAA said the average price on Saturday was a fraction of a penny over ...
Source: The U.S. Energy Information Administration, Full History of Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon) Despite the national average, the cost you can expect will depend on where you live. For example, the average cost per gallon on...
In July 2008, gas prices peaked at unprecedented levels in both nominal and real dollars. Americans also took more transit trips in 2008 than in any year since 1956. Past research has demonstrated a correlation between increases in gas price and increases in transit ridership. Using the Philadelp...
ALSO: Low Oil Prices are Killing the Electric Car "We have witnessed a dramatic shift in gas prices that has saved families hundreds of dollars so far this year," Doney continued. "The best news of all is that there is room for prices to drop even more in the coming weeks." It may...
Calling shale a "game changer" has become a cliche inthe natural gas world for good reason, but it hasn't changedthe market's susceptibility to erratic prices, ConocoPhillipsanalyst Jim Duncan said Tuesday."Even though we've got this big pressure of the oversupplysitting on top of natural ga...
The AAA's latest data also showed that in California, the average gas price on Friday reached 5.074 U.S. dollars, passing 5 U.S. dollars for the first time and breaking record highs for the state. Prices in California have long been among the highs in the country, and they have soared...