fuel prices

Rising Oil Prices Cause Surge at the Pump, Setting New Records

Rising Oil Prices Cause Surge at the Pump, Setting New Records

The price for a gallon (3.79 liters) of gasoline in the United State as of Tuesday is $4.37, up almost $0.15 over the past week, and has climbed 47% from a year ago.
Tuesday’s figure eclipses the all-time high set on March 11, when the cost per gallon was $4.33, according …

Gas Prices in U.S. Slowly But Surely Begin to Fall

Gas Prices in U.S. Slowly But Surely Begin to Fall

The average price motorists in the United States are paying for gas is slowly declining from recent all-time highs, not adjusted for inflation.
The average cost of a gallon of regular-grade gas at the pump at the start of the week was $4.17, according to figures from the U.S. Energy Information …

U.S. to Require New Vehicles to Average 49 MPG by 2026

U.S. to Require New Vehicles to Average 49 MPG by 2026

The U.S. Department of Transportation unveiled new requirements for fuel economy that mandate a 49 mpg (4.8 l/100 km) fleet-wide average by 2026.
The action in the so-called CAFE or Corporate Average Fuel Economy standards was announced by the National Highway Traffic Safety Administration and  Secretary of Transportation Pete Buttigieg on …

As the Cost of Diesel Fuel Soars, The Cost of Goods and Services Will Follow

As the Cost of Diesel Fuel Soars, The Cost of Goods and Services Will Follow

While gas prices in the United States and abroad have been setting new records, it is the price of diesel fuel that is rippling through the global supply chain.
The average cost of a gallon of diesel fuel is currently $5.19 in the United States, up almost 45% from 33.61 in …

As Fuel Prices Rise, More Drivers Run on Empty… And Get Stranded

As Fuel Prices Rise, More Drivers Run on Empty… And Get Stranded

Some drivers are letting their cars literally run on fumes amidst higher gas prices.
Gas prices have hit record highs in the United States in the past two weeks, but after sharply increasing they hit a peak on March 11 and have since begun to decline, albeit slightly, except for prices …

Gas Prices in U.S. Ease Back From Record Highs

Gas Prices in U.S. Ease Back From Record Highs

After what seemed like non-stop increases for the past three weeks, gas prices in the United States are easing back somewhat.
The average price for a gallon of regular gas in the United States was $4.25 on Sunday, down from a peak of $4.33 on March 11.  While this  is more …

Six Expert Tips on How to Save Gas Amidst Record Prices at the Pump

Six Expert Tips on How to Save Gas Amidst Record Prices at the Pump

Drivers are paying record prices at the pump now, and the cost of a gallon of gasoline is expected to increase even further following President Biden’s ban on Russian oil imports.
The average price of gas in the U.S. rose by $0.10 per gallon from Monday to Tuesday, hitting a record $4.17 …

U.S. Bans Russian Gas and Oil Imports, Targets ‘Main Artery’ of Russia’s Economy

U.S. Bans Russian Gas and Oil Imports, Targets ‘Main Artery’ of Russia’s Economy

President Joseph Biden on Tuesday announced a ban on Russian oil, gas, and coal imports, taking aim at Russia’s invasion of Ukraine.
Such exports are a main source of revenue for the Russian economy.
“Today, I am announcing the United States is targeting the main artery of Russia’s economy,” Biden said. “We’re …

Average Price Per Gallon of Gas Crosses $4 Mark, Highest Cost Since 2008

Average Price Per Gallon of Gas Crosses $4 Mark, Highest Cost Since 2008

The price drivers are paying for a gallon of regular gasoline at the pump is at the highest level since 2008.
The Automobile Association of America reported on Sunday that the average cost per gallon was now over $4, as did GasBuddy, a site that tracks such information.
The price of premium …

Gas Prices Hover at Eight-Year High at Start of Thanksgiving Holiday Travel Week

Gas Prices Hover at Eight-Year High at Start of Thanksgiving Holiday Travel Week

If you think you’re paying more at the pump, you’re not wrong: Gasoline prices have spiked over the past 12 months.
The average price of a gallon of regular gasoline is $3.38 according to the U.S. Energy Information Administration, compared to $2.24 one year earlier, when fuel prices hit record lows …

Oil Prices Hit Two-Year High as OPEC Sees Higher Demand

Oil Prices Hit Two-Year High as OPEC Sees Higher Demand

The price of oil settled at a two-year after OPC and its allies said they would maintain the current output plan amidst a forecast of higher demand.
Brent crude, the is the leading global price benchmark for Atlantic basin crude oils, rose 1.3% to $70.25 a barrel, its highest close since …

Higher Prices Greet Drivers at the Pump as Memorial Day Holiday Looms

Higher Prices Greet Drivers at the Pump as Memorial Day Holiday Looms

Woman Sets Herself on Fire Hoarding Fuel in Pontiac
The Memorial Day holiday weekend may be two weeks away, but vaccinated Americans hoping to get an early start on the holiday or just get away for the weekend may be in for a surprise at the pump.
The price of a …