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According to AAA, gas prices falling after Labor Day signals the end of the busy summer travel season. If that trend holds up in 2022, you can expect the price per gallon to continue its downward ...
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
Gas prices are likely headed much higher in 2022, according to a new report ... GasBuddy forecasts the nationwide average price for gas will be $3.41 in 2022. ... California is seen as primed for ...
The price of gas was $3.03, the highest for Memorial Day since 2014. [49] Although countries increased oil production in May, demand forecasts were high and on June 8 WTI closed above $70, with Brent at $72.22, the highest since May 2019. [50] On June 25 WTI ended the week at $74.05, up 3.9 percent for the week, the fifth week in a row with an ...
The 2021–2022 global supply chain crisis further stressed the delivery of extracted petroleum. Additionally, as Europe sought to replace Russian gas, it bid up prices of U.S., Australian, and Qatari ship-borne liquefied natural gas (LNG), diverting supply away from traditional LNG customers in Asia. Because gas frequently sets the price at ...
In June 2021, the national average price for a gallon of gas was $3.09, according to data from AAA, but as of June 2022, it had topped $5. That marks a gain of over 60% in a single year.
Current and historical gas price averages, ... 2020: $2.17. 2021: $3.01. 2022: $3.95. ... Predictions on the overall cost of gas for 2024 change regularly, in part because of the implications of ...
In the first week of May 2020, gas prices fell below $1.80, nearly the lowest in history when adjusted for inflation. By the second week of June 2022, they peaked above $5 -- a record high.