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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".
Last month, U.S. gasoline prices rose largely due to regional refinery outages in the west coast and the Midwest. In California, costs are up more than $1 per gallon in the last month whereas in ...
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.
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 ...
The 2000s commodities boom, commodities super cycle [1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s.
The national average is nowhere near the unprecedented spike above $5 a gallon in June 2022. ... There are multiple reasons why gas prices have stopped rising for the moment.
Graph of oil prices from 1861 to 2007, showing a sharp increase in 1973, and again in 1979. The orange line is adjusted for inflation. Independently, the OPEC members agreed to use their leverage over the world price-setting mechanism for oil to stabilize their real incomes by raising world oil prices. This action followed several years of ...
More good news is coming to inflation-weary drivers: Gas prices are expected to drop in 2025 for the third straight year, according to GasBuddy projections shared exclusively with CNN.