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U.S. gasoline prices rose earlier this month but are falling again after West Coast refinery outages subsided and seasonal demand fell. President Joe Biden plans to sell the last portion of a ...
Separately, the Biden administration announced last month that it would be releasing 1 million gasoline barrels, or about 42 million gallons, from a Northeast reserve with an aim of lowering ...
U.S. gasoline demand is expected to average 8.92 million barrels per day this year, about 20,000 bpd less than last year, the U.S. Energy Information Administration (EIA) said on Tuesday. It ...
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...
The gas price prior to reform was $0.10 US per liter with the quota of 100 liters per month per passenger car. The reform raised the price to $0.40 US per liter and later reduced the ration to 60 liters per month. The price for over-quota consumption and the imported cars were $0.70 US per liter. The energy price reform included a cash-rebate ...
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.
“When US gasoline prices soared over $5 per gallon in June 2022, consumers were spending about $1.9 billion per day. ... The energy index fell 2.3% in November over the prior month with gasoline ...
The national average gasoline price was around $3.25 a gallon Wednesday, down from $3.31 a week ago and $3.45 a month ago. The decline in prices is typical for the early fall, said DeHaan.