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gas prices from $3.50 per gallon in February 2022 to $5 per gallon by June 2022.78 Another example of a threat to global supply occurred in 2012, when Iran threatened to close the Straits of Hormuz.9 Through this strategic chokepoint flows 21% of the world's oil.10 Israel and the ...
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 are displayed at a gas station in Los Angeles, California, the United States, June 1, 2022. The national average price of regular unleaded gas in the United States soared to a record high of 4.67 U.S. dollars per gallon Wednesday and a further rise is widely expected over the...
The West Texas Intermediate (WTI) for April oil delivery settled at 119.40 dollars a barrel on the New York Mercantile Exchange on Monday, its highest since September 2008. The U.S. crude benchmark has climbed roughly 24 dollars per barrel since the start of the month amid the ongoing confl...
2022 High - $4.89 per gallon (6/13/22) 2021 High - $3.36 per gallon (Nov. 2021) All-Time Record High - $4.89 per gallon (6/13/22) Ways to Save on Gasoline Combine errands to limit driving time. Shop around for the best gas prices in your community. ...
The average Connecticut driver covered just 11,122.3 miles per year, or 926.9 miles a month—less than half of the drivers in Wyoming. How Miles Driven and Regional Pricing Affect Gas Expenses As an example of how regional gas prices affect drivers’ monthly spending, consider two drivers, ...
In Washington last month, House Democrats voted for a bill to crack down on what they called price gouging by oil companies, but Republican opposition made Senate approval unlikely. This week in the U.K., the president of the motoring association AA said prices are "crippling the...
Analysis of gas price movements and gas price forecasts. Learn how gas prices are determined and what effect gas prices have on the economy. | Page 1