Search results
Results From The WOW.Com Content Network
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.
Prices have dropped sharply this year because demand has been weaker-than-expected, especially in the U.S. and China. Global benchmark Brent crude has slid from over $90 a barrel in April to a ...
The price per gallon of gas is seen at a gas station on Dec. 12, 2023 in Miami as the national average for unleaded gas was $3.14 a gallon on Dec. 12, according to AAA.
GasBuddy's 2024 Fuel Outlook projected that the national average price of gasoline would drop from $3.51 per gallon in 2023 to $3.38 in 2024. Show comments Advertisement
The US is also witnessing a weaker trend in fuel consumption following a 2023 high in prices reached in mid-September. "Gasoline demand has been weak," said the EIA's Barron.
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 ...
Kloza believes gas prices could drop to around $3.25 or $3.50 per gallon, and he doesn’t see this trend reversing until the middle of the first quarter of 2024.
There are a number of reasons why gas prices may be dropping, since everything from extreme weather events to global oil markets can affect the cost of fuel. Generally, gas prices tend to drop ...