We went back to the energy headlines to explore what was fundamentally driving the gas market a year ago when prices were backwardated and on the rise in 2022 to compare against the lower price environment YTD in 2023 with forwards in contango. The visual below indicates that there were three...
Experts think gas prices — which a year ago averaged$2.18nationally for a gallon of regular, according to AAA — will drop later this year. In the meantime, here are the main reasons they say gas prices have surged. Supply disruptions Gasoline isn't immune to the supply-chain issues that...
Still, in some states fuel costs are significantly lower than the current national average. In Washington, average gas prices are down 71 cents a gallon compared with one year ago. "For those hitting the road to celebrate Independence Day, gas prices have seen modest recent fluctuations, but m...
The average price of a gallon gas in the county, home to over 10 million residents, is now 9.7 cents higher than one month ago and 1.22 dollars more than one year ago. California is now the state with the highest average cost for gas in the United States. The average price of a g...
Gas prices reached a national average of $3.04 a gallon as of Wednesday, which is $1.07 higher than the same time one year ago, according to AAA. AAA spokesperson Jeanette McGee said 37 million drivers are expected to travel by car or plane to celebrate the unofficial kick-off to ...
The pain at the pump keeps getting worse for central New York drivers, with gas prices reaching another record high. According to AAA Northeast, the average prices in the Utica-Rome area is $4.98, up ten cents from last week. A year ago, we were paying $3.15 a gallon.AAA...
If Germany, say, were cut off, gas markets would go haywire. European gas prices are already six times higher than they were a year ago. They would soar to new highs, luring more LNG from the rest of the world and causing prices elsewhere to rise in turn. Jack Sharples of the Oxford...
Gas Prices by State Gas Price Changes Diesel Fuel Average Gas Prices by Year © CreditDonkey YearAverage Price of Gas 1929 $0.21 1930 $0.20 1931 $0.17 1932 $0.18 1933 $0.18 1934 $0.19 1935 $0.19 1936 $0.19 1937 $0.20 1938 $0.20 1939 $0.19 1940 $0.18 1941 $0.19 1942 $0.20 1943 $...
Noelia de la Cruz
The Los Angeles County average price has risen 31 times in 34 days, increasing 57.8 cents, setting records 27 of the past 29 days. It is 38 cents more than one week ago, 51.3 cents higher than one month ago and 1.471 dollars greater than a year ago. ...