August 7, 2012
Gas prices continued their slow but steady march higher Tuesday, surpassing a nationwide average of $3.63 cents a gallon on the back of refinery problems in the United States and higher crude oil prices globally.
Nationwide average gasoline prices are now 30 cents higher than they were just five weeks ago. They are now at the midway mark between this year’s high price of $3.94 a gallon — [...]
NEW YORK (AP) — More Americans will hit the road this holiday weekend than a year ago. And they’ll have a bit more money to spend thanks to lower gas prices.
Memorial Day kicks off the summer travel season, and since pump prices never reached $4 or $5 a gallon, as feared, economists says travelers are likely to dine out or shop more once they pull off the road.
About 30.7 million [...]
NEW YORK — U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government said Tuesday.
Gasoline will cost an average of $3.95 per gallon through September, an increase of 6.3% from the same period last year, the Energy Information Administration predicted. The peak should come in May, when gas averages $4.01 per gallon, the agency said.
Gasoline already has jumped by [...]
Gasoline prices rose again Friday and are now averaging more than $4 in six states and Washington, D.C. Oil had its biggest gain in three weeks and natural gas prices also rose.
Retail gasoline prices were up a penny on Friday to a national average of $3.831 per gallon, according to AAA, Wright Express and Oil Price Information Service.
The average price for a gallon of regular is now above $4 in [...]
If you dumped your old Hummer for a Scion IQ, you’re in luck. For the rest of us, the news that Iran will cut exports to Britain and France, has made that summer road trip a lot less enticing.
In a reaction to the news, the price for crude oil jumped nearly 2 percent to $105.08 for April.
At the same time, the average price for a gallon of regular has been slowly ticking [...]
By Ronald D. WhiteFebruary 17, 2012, 12:31 p.m.
Just in time for Presidents Day: get ready for the long holiday weekend’s highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That’s what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 [...]
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By ALAN FARNHAM
Feb. 13, 2012
Gasoline prices could soon hit $4 a gallon, a threshold they haven’t flirted with since last spring.
The average price paid by U.S. drivers for a gallon of regular now stands at $3.52, according to the U.S. Energy Information Administration, which released its latest figures this afternoon. That price represents an increase of 0.04 percent from a week ago and 0.38 percent from [...]
NEW YORK (CNNMoney.com) — The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
In an interview with Platt’s Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases.
“I’m predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices,” he said.
Tom Kloza, chief oil analyst [...]
Gasoline will hit $4 a gallon in the coming months due to seasonal factors, but some portions of the country could see chaotic spikes much higher, says Tom Kloza, chief analyst for the Oil Price Information Service.
Regular unleaded gasoline now averages $3.48 a gallon, up from $3.12 a year ago and $2.67 in February 2010, USA Today reports.
Prices will climb by $0.60 in May due to seasonal factors.
“I think it’s going [...]
It’s been 30 years since gasoline took such a big bite out of the family budget.
When the gifts from Grandma are unloaded and holiday travel is over, the typical American household will have spent $4,155 filling up this year, a record. That is 8.4 percent of what the median family takes in, the highest share since 1981.
Gas averaged more than $3.50 a gallon this year, another unfortunate record. And [...]
By Ronald D. White, Los Angeles Times
November 8, 2011
If you think gasoline is expensive now, just wait until next year: A combination of growing global demand and rising U.S. fuel exports could send gasoline prices to record highs in 2012, analysts say.
Those factors have been pushing pump prices to historically high levels since the beginning of September, and the approaching holiday weekend is expected to present a painful roadside example [...]
Prices updated as of 7/18/2011 3:05:06 AM
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is a public service of the United States of America’s largest motoring and leisure travel membership organization and is updated daily by Oil Price Information Service (OPIS) with average national, state and local prices for gasoline, diesel [...]
As gas prices hover near $4 a gallon, nearly seven in 10 Americans say the high cost of fuel is causing financial hardship for their families, a new USA TODAY/Gallup Poll finds.
More than half say they have made major changes to compensate for the higher prices, ranging from shorter trips to cutting back on vacation travel.
For 21%, the impact is so dramatic they say their standard [...]
Drivers are starting to see a little relief at the gas pump just ahead of the summer driving season.
The average price for a gallon of regular was $3.955 nationally on Monday. That’s down about 3 cents from Friday, but still nearly 14 cents more than it was a month ago, according to AAA, Wright Express and the Oil Price Information Service.
Motorists in about two dozen states [...]
Click the chart to see how your state shapes up
NEW YORK (CNNMoney) — Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos.
These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline.
That’s the average amount American households spent on gas in April, according [...]
Gas prices have set a new all-time high in Ohio for the second time in less than a week. Auto club AAA, the Oil Price Information Service and Wright Express reported Tuesday that the statewide average price for regular-grade gasoline has reached $4.13 a gallon. That breaks the record of $4.11, set on Saturday. Ohio’s prices are 16 cents [...]
Gas pump prices across the country rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed prices up.
The national average increased 2 cents to nearly $3.91 a gallon for regular gasoline. It’s the highest level since July 31, 2008, when pump prices were falling from a record $4.11 a gallon on July 17 of that year.
Drivers in [...]
NEW YORK, N.Y. – The price of crude oil was stable Monday, dipping one cent to settle at US$112.28 per barrel on the New York Mercantile Exchange as the U.S. dollar pulled back from lows set earlier in the day..
In London, Brent crude lost 33 cents to settle at $123.66 per barrel on the ICE Futures exchange
Oil is priced in U.S. dollars, so crude tends to fall as the greenbak [...]
NEW YORK (AP) — Oil prices pushed above $105 per barrel Tuesday, as traders focused on a series of international crises that could tighten global supplies at a time when consumption is expected to increase.
Benchmark West Texas Intermediate for May delivery rose $1.88 to settle at $104.97 per barrel on the New York Mercantile Exchange. At one point it was as high as $105.18. In [...]
It wonâ€™t be long before weâ€™re paying $4 a gallon for regular unleaded gasoline, at least if prices keep going up at their current pace.
Prices have already surged 38 cents a gallon in metro Detroit since Presidentâ€™s Day and likely will jump again by early next week as crude oil prices shot up nearly $3 Friday to $104.63 a barrel.
While Californians are already paying $4 [...]
NEW YORK (AP) — The surge in oil prices continues to drive retail gasoline prices higher in the U.S.
Pump prices jumped another 4 cents Thursday to a new national average of $3.43 per gallon, according to AAA, Wright Express and Oil Price Information Service. Gasoline has climbed more than 29 cents per gallon since the uprising in Libya began in the middle of February, costing [...]
NEW YORK â€“ Oil prices retreated Monday after their recent surge, as government and industry officials reported that Libya is still exporting at least some crude although strongman Moammar Gadhafi has lost control of the country’s oil fields. .
Last week’s jump above $100 per barrel continues to send ripples through global pipelines. Gasoline prices shot up by more than 13 cents per gallon last week, [...]
NEW YORK (CNNMoney) — Gas prices have increased 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in the price of crude oil.
The national average price for a gallon of regular gas rose 4.6 cents to $3.33, motorist group AAA said Saturday. That marks the fourth day in a row that prices have risen, and [...]
If political unrest in Libya spreads to other oil-rich countries and the ensuing chaos disrupts crude oil production, gas prices could hit $5 a gallon by peak summer driving season, industry analysts say.
Crude oil prices soared Monday and kept rising Tuesday, adding 7% to Friday’s closing price to trade around $96.25 a barrel for April delivery on the New York Mercantile Exchange as violence and a [...]
We are in late stage capitalism and the crony-capitalists are running the show. The system is broke the problems with the banks booking phantom income continues as it did in 2007.Â We can expect the largest bonuses in banking industry this year yet again and why not after all, these modern thieves with a mandate of “untouchable” have nothing else in their minds to do but to [...]
Any excuse to raise gas prices… “More people are working so we can get a little more out of them”. Why would that be a reason to raise prices? It’s like extortion; they know you have to drive. Maybe someday we’ll elect politicians that have the best interest of the common citizen in mind and are not afraid to stand up to big oil companies. I guess if you [...]