The average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices. AAA reported that the current national average for regular gasoline has Read more
Tag: gasoline
Oil bounces after drop in gasoline inventories
Oil futures rose Wednesday, erasing earlier losses after government data showed a bigger-than-expected drop in U.S. gasoline inventories and a jump in refinery utilization, though crude inventories jumped. Price action Read more
Why are gas prices falling? National average below $4 a gallon for first time since March: GasBuddy
Filling up at the gasoline pump may still be a painful pocketbook experience, but the hurt appears to be fading day by day, with the U.S. national average price sliding Read more
Oil futures turn lower after unexpected rise in crude, gasoline inventories
Oil futures turned lower Wednesday after government data showed U.S. crude and gasoline inventories unexpectedly rose last week. The Energy Information Administration said U.S. crude supplies were up 4.5 million Read more
U.S. gasoline prices have fallen for 49 straight days, approach $4 a gallon
U.S. gasoline prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil. Read more
Europe risks protracted gas crisis after Russia makes deeper cuts to natural gas flows, say economists
European natural-gas prices soared in the past two sessions after Russia’s state energy giant Gazprom on Monday said it would dramatically cut natural-gas deliveries through its main pipeline to Europe, Read more
Fearing a windfall tax, this oil company is cutting gasoline prices at its pumps.
Windfall taxes on oil companies are the talk around the world as consumers grapple with high energy costs. France’s TotalEnergies TTE, -0.36% is trying to head one off by committing Read more
U.S. oil prices fall more than 3% as weaker gasoline demand allows fuel inventories to rise
Oil futures fell sharply on Thursday, extending a decline seen after a counter-seasonal rise in U.S. gasoline inventories reflecting falling demand. Also on Thursday, prices for natural-gas futures gave up Read more
Expect gas prices to keep falling, Biden energy adviser says
After peaking above $5 a gallon in June, U.S. gas prices should continue to fall in the coming weeks, a top White House energy adviser said Sunday, predicting prices around Read more
`Peak inflation will have to wait’: Traders see three more 8%-plus CPI readings despite falling gas prices
“Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts — and even President Joe Biden — used to sum up the June consumer price Read more