In the last five years, the price of gas has remained steady between $2.74 and $3.29 per gallon. Gas prices are based largely on supply and demand. Typically, gas costs less during the winter months when drivers are less likely to be on the road. Similarly, prices tend to rise during ...
Gas prices soar past $3.50 per gallon: Are Middle Eastern uprisings to blame?(Business)Gas prices have been only modestly affected by fighting in Libya, but a 'fear factor' is driving up oil futures, which in turn drive gas prices.Trumbull, Mark...
Global Petrol Prices found that the average price of gas per gallon in the U.S. was $3.82 on July 15, 2024. Key Takeaways Countries with the cheapest gas prices tend to be in oil-producing regions. Countries with the most expensive gas prices are usually small nations or have ...
South Carolina Rep. Nancy Mace and former Council of Economic Advisers chairman Tomas Philipson weigh in on solutions to surging gas prices on 'The Evening Edit.' The U.S. national average price for a gallon of regulargasolinenotched $4.065 Monday as supply disruptions continue to drive up oil...
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 especially vulnerable to these high prices. "I can't afford gas," said driver Jacob Luis when we told him about the high prices. ...
The average price at the pump was $1.998 per gallon – 41 cents less than the same time last year. "The lowest gas prices in nearly seven years are a holiday gift that few consumers could have imagined when gasoline was $4 a gallon," AAA President and CEO Marshall Doney said in a st...
California has the priciest fuel in the U.S., with drivers in the state paying an average of $5.32 per gallon, according to GasBuddy. Oklahoma has the cheapest gas at around $3.64. The all-time high for U.S. gas prices was $4.10 in July 2008, according to Bloomberg. As of early ...
The US Retail Gas Price is the average price that retail consumers pay per gallon, for all grades and formulations. Retail gas prices are important to view in regards to how the energy industry is performing. Additionally, retail gas prices can give a good overview of how much discretionary ...
Now, just eight states have average prices under $3 per gallon — Oklahoma, Mississippi, Texas, Arkansas, Louisiana, Kansas, Alabama and Missouri, according to De Haan. The most common gas price encountered in the nation is $3.09 per gallon. Previously $2.99 "held the title for nearly all...
Consumer demand also plays an important role, its rebound since the early stages of the COVID-19 pandemic accounting for much of the rise in retail gasoline prices from their 2020 average of $2.17 per gallon.1U.S. gasoline consumption plummeted in 2020 amid COVID-19 restrictions but largely ...