Explains the reasons for the increase in gasoline prices in the United States in 1999. Statement that gasoline prices are not so high when all factors are considered; Comparison of gasoline price to water price; Difficulties and challenges overcome in producing gasoline; Balance between supply and ...
Gasoline isn't immune to the supply-chain issues that have plagued every conceivable good in the time of coronavirus. Storms and hackers have shuttered production and transport of gasoline this summer, with Hurricane Ida temporarily closing most oil production in the Gulf of Mexico and several big...
The barrage of rising costs is taking a toll on consumer sentiment, polls show. "With gasoline prices surging and the war in Ukraine dominating the headlines, it was little surprise that the University of Michigan consumer confidence index fell to an 11-year low in early March," Capital Econo...
The cost of oil typically represents more than half of the cost of a gallon of gasoline, according to data from the U.S. Energy Information Administration (EIA). So, a major reason gas prices are so high is that oil prices are still higher, on average, than they were before the pandem...
And the sticker shock is hitting where families tend to feel it most. At the breakfast table, for instance: Bacon prices are up 20% over the past year, egg prices nearly 12%. Gasoline has surged 50%. Buying a washing machine or a dryer will set you back 15% more than it would have...
That price spike reversed a nearly equally steep plunge that began in late October. Because oil has a direct effect on the prices of gasoline and home heating oils, consumers have been battered by the wild volatility. For now, a gallon of regular gas is averaging $3.33, according to AAA...
Few things get Americans more riled up than rising gasoline prices. I was going to write "high gasoline prices," but whether gasoline prices are high is a separate question, and one I'll address at the end of this column. In contrast, it's undeniable that gasoline prices have been rising...
That sanguine viewpoint was challenged once again this week by a significant jump in the price for a wide range of items: Gasoline skyrocketed by nearly 50% in the year to October, meat was up 14.5% and rent increased by 3.5%.
BJ’s is growing market share in gasoline “in leaps and bounds,” CEO Robert Eddy said on a call with analysts Thursday. When gas prices hit over $3 a gallon, “members love us” and shift their gas spending to the club. Gas discounts are a tool Walmart uses to encourage customers ...
In short, the administration has been less friendly to oil production and transport than its predecessor, at a time when markets are undersupplied. How much that adds to the price you pay at the pump is impossible to say, but it’s a factor. ...