Typically, when gas prices increase, the main culprit is the cost of oil. This month, however, oil prices are only part of the story. Here are three reasons gas prices are going up.Rising mercury July was one of the hottest months on record for many parts of the nation, including Arizo...
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Today’s national average price is 20 cents higher a month ago and $1.36 higher than this day last year. The highest gas prices in the country are in California at an average of $5.82 a gallon The increase is primarily due to the high cost of crude oil, which was hovering near $100...
1. Gas prices at most locations across North America will trendrnup from today's level.rn1.1 Robust demand growth coupled with resource depletion andrnshort-term constraints on supply and infrastructurerndevelopment will cause prices to increase.rn–Lack of demand growth is the greatest risk to ...
There are alotof questions right now aroundrising natural gas prices, and rightfully so:Why is natural gas going up?Is winter heating going to be super expensive? Why are electricity bills going up right now too? But here’s something you need to know amidst high utility bills: Thereissomet...
You can predict tomorrow's gas prices by looking at gas futures contracts, today's oil prices, and oil futures contracts. Learn what trends you should be aware of.
They’re paying almost that many euros to buy a barrel of today’s $125 crude, which is why gasoline is back up to $9 a gallon in some European countries. There aren’t many signs of relief going forward. In the short term, gas prices usually increase with the transition from winter...
Summer blend gas takes longer to produce, which drives up prices. Additionally, demand for gas typically rises in the warmer months, which also influences the price you see at the pump. This year we also have renewed tensions in the Middle East, which is also rocking the oil market, per ...
"That's up about 11 cents in the last month." Tariffs would make the springtime pinch even worse. "Overall, I would expect prices to be 20 to 60 cents a gallon, higher, probably in mid April than where we are today," De Haan said. "A very small portion of that increase, maybe...
WASHINGTON, June 14 (Xinhua) -- Gas prices in the United States have continuously hit new record highs in recent days. But one question remains - could they spike even higher? "I don't think we're far away" from the highest prices, said Patrick De Haan, head of petroleum analysis at...