CAMARILLO, Calif.—The average U.S. price of regular-grade gasoline jumped 3 cents over the past three weeks, to $3.25 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices could stop climbing now that crude oil costs have started to fall. The price at the pump is a dollar higher than…
White House Calls on Oil Cartel OPEC to Boost Production as Gas Prices Soar
WASHINGTON—Worried about rising gas prices, the Biden administration has called on oil producing countries including Saudi Arabia and Russia to raise their oil production. Strong recovery in global demand and declining U.S. supplies have been pushing crude oil prices higher in recent months. National Security Advisor Jake Sullivan issued a statement on Aug. 11 asking…
White House Calls on OPEC+ to Boost Production as Gasoline Prices Soar
WASHINGTON—Worried about rising gas prices, the Biden administration has called on oil-producing countries including Saudi Arabia and Russia to raise their oil production. Strong recovery in global demand and slow growth in supplies have been pushing crude oil prices higher in recent months. National security adviser Jake Sullivan issued a statement on Aug. 11 asking…
Los Angeles Gas Prices Rise For Fourth Consecutive Day
The price of gas per gallon continued its upward trend this week for an average price of $4.382 in Los Angeles County on Aug. 6—$1.216 higher than the price this time last year, according to GasBuddy. This marks the fourth consecutive day that gas prices have risen one-tenth of a cent in Los Angeles County….
Gas Prices Surge to Fresh 7-Year High
Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise. For the week of Aug. 2, the national average for a gallon of regular gasoline rose by a little over two cents compared to…
Biden Calls for End to Tax Breaks for Oil Companies as Gas Prices Continue to Rise
President Joe Biden on Wednesday reiterated his call to end tax breaks for fossil fuel companies, a policy proposal that would remove incentives for U.S. oil firms to boost production at a time when gas prices in the United States have soared to seven-year highs and are projected to continue their skyward climb. Speaking at…
Gas Prices Rose 40 Percent This Year, More Increases Expected Throughout Summer
Gas prices have increased 40 percent since the start of this year, and drivers are expected to feel more frustration through August, according to the American Automobile Association (AAA). The national gas price average has increased from $2.25 on Jan. 1 to $3.13 on Tuesday. Another 10–20 cents rise is expected through the end of…
Gas Prices Likely to Stay Above $3.00 Until October: Analyst
Patrick de Hann, the Head of Petroleum Analysis for GasBuddy, told Fox News in a recent interview that he believes American drivers are unlikely to see relief from high gas prices anytime soon, predicting that the typical seasonal decline in prices won’t kick in until October, and when it does, it will be modest. “Traditionally…
Gas Prices Likely to Stay Above $3 Until October: Analyst
Patrick de Hann, head of petroleum analysis for GasBuddy, told Fox News in a recent interview that he believes U.S. drivers are unlikely to see relief from high gas prices anytime soon, predicting that the typical seasonal decline in prices won’t kick in until October, and when it does, it will be modest. “Traditionally, we…
Gas Prices Surge to 7-Year High Ahead of Independence Day Weekend
Gas prices have hit a seven-year high and experts predict even more pain at the pump as record numbers of Americans are poised to hit the road around Independence Day weekend. “At $3.09, the national gas price average is at its highest of the year and not stopping,” the American Automobile Association (AAA) said in…
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