AZERBAIJAN may no longer require gas imports from Turkmenistan in 2024 if the current swap agreement through Iran is not renewed, according to a source in the oil and gas market speaking to Interfax-Azerbaijan. This development comes amid reports from the National Iranian Gas Company (NIGC) ...
It's a far cry from when prices hit a record of over$5 per gallon in June 2022. Gas prices have either remained flat or fallen since the end of July, according to AAA data. "Things are definitely moving in the right direction. So, folks will have a lot of savings on the road if...
Will election results push faster towards a renewable transition, or will it be slowed to a crawl? While near-term prices are relatively attractive in 2023, unanswered questions currently in the market are posing significant upside risk with limited downside potential into the future, placing a pre...
Fuel prices will drop.Gas prices will slide almost 5%, to an average of $3.36 in 2024, according toprojections from the U.S. Energy Information Administration. That should make spring break and summer driving trips more affordable. Hotel rates will rise.Lodging rates will increase almost 7%...
any change in the market could send prices up again such as a change in the demand for gas, or any kind of disruption in the supply. As we have seen in the last few years, nothing should surprise us when it comes to supply and demand. One work stoppage and gas prices will skyrocket...
AAA also estimates that approximately 1.2 million of its members live in households with one or more electric vehicles. The organization believes that tepid gas demand and low oil costs will likely keep prices at gas pumps sliding. It's the fundamentals ...
What happened:Easing inflation was a bright spot in 2024. In June, theconsumer price indexfell below 3% for the first time in three years. Consumers saw prices level off or decline for many goods, including for groceries,gasand new and used vehicles. But prices haven’t fallen far enough ...
"Inflation tends to be temporary. Having plans in place can be more long lasting and more effective," says Nilay Gandhi, a certified financial planner with Vanguard's Personal Advisor Services. "Sticking to that plan will generally outpace inflation." ...
Gas prices are also rising because of mounting geopolitical tensions in Russia and the Middle East, with Brent crude earlier this month surging beyond $90 a barrel and the U.S. benchmark topping $86. Rents also remain sticky amid the nation's tight housing supply. A few other ...
In 2022, however, Russia invaded Ukraine, disrupting oil and gas markets. With economic sanctions against Russia placed by the U.S. and much of the West, oil prices have since skyrocketed above $100 a barrel. The price peaked in May 2022 at over $120 a barrel. As of September 2024, ...