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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.
Wholesale gasoline for September delivery was unchanged at $2.33 a gallon. September heating oil was unchanged at $2.30 a gallon. September natural gas rose 7 cents to $2.01 per 1,000 cubic feet.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
A gasoline price website is a type of price comparison website that provides current fuel price information for different filling stations. Supported fuel types generally include gasoline , but may also include diesel , liquefied petroleum gas , biofuels and recharge electricity .
Gas prices could head toward $4 per gallon amid OPEC+ production cut, says analyst. Ines Ferré. Updated April 4, 2023 at 4:19 PM. Expect to pay more at the pump if oil prices stay at current levels.
“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg said in a statement. Average US gasoline price falls 32 cents to ...
As of Feb. 15, the national average gas price stood at $3.28 per gallon, up $0.12 from a week ago, ... Gas prices have climbed higher as crude oil prices surged in recent weeks.