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Why do gas prices drop? ... Prices have fallen dramatically in recent weeks — a month ago the state average was $5.64 — and more drops appear on the way. ... So far, the Israel-Hamas war has ...
Political scientist George Friedman has postulated that if high prices for oil and food persist, they will define the fourth distinct geopolitical regime since the end of World War II, the previous three being the Cold War, the 1989–2001 period in which economic globalization was primary, and the post-9/11 "war on terror".
The national average price for a gallon of gas is going down in the U.S. with Tuesday's national average at just $3.14, according to AAA.
Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...
Gas prices remained remarkably steady for nearly two decades, from the start of the Great Depression through the end of World War II. The price per gallon was 21 cents in both 1929 and 1946.
US gas prices have stopped rising and even briefly dipped in recent days. The national average stood at $3.66 a gallon on Monday, down from $3.68 a week ago, according to AAA .
Gas prices are on a downtrend trend, falling below a national average of $3.50 per gallon for the first time since February of this year. The average price of gasoline sat at $3.45 per gallon on ...