According to AAA, the U.S. price of oil dropped below $80 per barrel on Wednesday, and settled at $78.11 per barrel on Friday. That was a 7 percent drop from the week before. The $5.74/b weekly decline is equivalent to a 10-15 cent swing in gasoline prices, according to the a...
Gas Prices are an average of .08 cents lower per gallon nationwide than they were a week ago. The price of crude oil is less than $60.00 a barrel this week with further decline in price expected within the next few days! If you have found a station in your area with exceptionally low...
Brent prices also spiked to their highest levels since 2008 on Monday to $139 per barrel, after the west allies said they are exploring banning imports of Russian oil. Russian state energy giant and major gas exporter, Gazprom said Monday it continues to routinely supply Russi...
BREAKING: for the first time ever a US city has breached the $5/gal per gallon average. San Francisco!— Patrick De Haan ⛽️📊 (@GasBuddyGuy) March 3, 2022Fueling inflation Oil prices surged another $7 per barrel on Wednesday after an agreement by the U.S. and other major govern...
MORE: Oil Prices Drop to Lowest Point Since 2009 Benchmark Brent crude oil, which generally dictates gasoline prices, was fetching about $36 per barrel Monday morning, the cheapest price since 2004 and down from a peak of $112 in June 2014. And with supplies still ballooning, demand still ...
Brent crude oil reached $71.38 per barrel overnight after Yemen’s Houthis launched a drone attack on Saudi Arabia’s oil facilities. Prices have since pulled back with Brent trading up 25 cents at $69.61 per barrel. West Texas Intermediate crude oil, meanwhile, gained 27 cents to $66.36 ...
The combination typically increases the cost of gas, but fluctuating oil prices pushed them down, according to AAA. "The recent surge in oil costs took a break this week, with the price of oil tumbling back into the upper $70s per barrel," AAA spokesperson Andrew Gross said. "If this...
" said De Haan. "While Hurricane Helene left feet of rain behind and some states are seeing challenges in getting gasoline to stations, the storm did not broadly impact fuel production. For now, with oil prices falling back below $70 per barrel, the national average may be a bit stuck ...
It’s also worth noting that even as the price of oil begins to fall once again, there is typically a lag before prices at the pump begin to ease for consumers. The Energy Information Administrationprojectsthat average spot price of Brent crude oil will be $105.22 per barrel this year, a...
Gasoline prices in 1930 were on average $0.30 per gallon of regular unleaded ($3.44 in Jun 2022 dollars)2122 1940: $0.18 ($3.69) 1950: $0.27 ($3.28) 1960: $0.31 ($3.03) 1970: $0.35 ($2.61) 1980: $0.86 ($3.01) 1990: $1.00 ($2.23) ...