When U.S. gas prices hit their peak in 2008, and everyone was paying around $4 per gallon (about $1.05 per liter) at the pump, the price of a barrel of oil spiked to $145. Yet by fall of 2009, it had lowered to around $69 [source: Murphy]. But what exactly is a barrel of...
How Much Should I Expect For The Baby Food Lawsuit Settlement? This really depends on the settlement, and the amount can vary due to different reasons or factors. For example, the Parent’s Choice lawsuit compensation discussed above has set limits from $2 (per can) and up to $10 (with...
Cleaner-burning summer-grade fuels, which are more expensive to produce, can increase the price as well, but prices don't always go up in summer. For instance, while gas prices soared 31 cents in April and early May of 2001, reaching $1.71 per gallon (which seems inexpensive compared to...
Oil prices always trade in fairly narrow ($20 to $40 price ) bands for decades at a time. Any significant price spikes outside of those bands are short lived. Oil is not going to $150 or $175 or $200 or ridiculously $300 anytime soon,...
While it's not without its faults, if you've lived in Evansville your whole life like me, or at least long enough to remember a time when "The Lloyd" didn't exist, you have to admit it makes getting from the west side to the east side and all points in between much easier and ...
After experiencing the highest national gas prices in U.S. history during the Bidenomicinflationary heat-upin June last year, whereaverage prices topped $5a gallon, we could use a break from what seems like an endless conveyor belt of economic turmoil. The COVID panic, the Fed’s mishandling...
Ransomware attacks, such as the shutdown of the US Colonial Pipeline in 2021, cost far more than the ransom itself: in this case full restoration of the system governing operations took days to complete and pushed the average price of a gallon of gas in the US beyond $3 for the ...
Station markup- Of course some of the money you spend at the pump does go to the service station. While some consumers blame high prices on station markup, service stations typically add on a few cents per gallon. There's no set standard for how much gas stations add on to the price....
Now prices are rising steadily, cent by cent, and it only took around three months for prices to jump from$2.24 to $2.90 per gallon as of May 2021. Understanding How Gas Prices Work and What Determines Them Why Should You Care So Much About Gas Prices?
Answer to: In 1943, the CPI was 17.4 and a gallon of gas cost $0.19. How much is this worth in terms of todays' dollars if the price index of today...