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September 12, 2022 at 7:01 AM. ... the news kept getting worse for a pandemic-weary country eager for a normal summer. ... There are not many reliable predictions for the near future of gas prices ...
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.
The IEA expects a massive 480,000 bpd rise in U.S. crude and natural gas liquids (NGLs) output in the second quarter of 2022, and by 1.1 million bpd for all of 2022.
In a new study released on Wednesday, GasBuddy forecasts the nationwide average price for gas will be $3.41 in 2022. The current price nationwide averages about $3.29.
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 ...
As global events that contributed to higher gas prices in recent years like the COVID-19 pandemic and Russia’s 2022 invasion of Ukraine “get further away in the rear view,” said Patrick ...
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.
According to AAA, the national average gas prices on Tuesday came in at $3.01 for regular gas, $3.49 for mid-grade, $3.84 for premium, $3.51 for diesel and $2.42 for E85. AAA keeps track of gas ...