The Biden Administration announced Tuesday that it would release 42 million gallons of gasoline from the Northeast Gasoline Supply Reserve. The release, the Department of Energy explained, is “strategically timed and structured to maximize its impact on gas prices.” This will, according to the DOE, help lower prices at the pump during the summer months […]
Tag: Gasoline prices
Gas prices going up fast and will continue to
Budget-conscious motorists may want to fill up sooner rather than later, as prices at the pump are likely headed higher in the near term. The approach of the peak driving season and the annual switch by refineries to more costly summer gasolines has driven up the national average for unleaded to $3.63, according to AAA. […]
Inflation accelerates again because of gas prices
Inflation re-accelerated for a second straight month in August, reversing previous declines in prices as consumers continued to grapple with the rising cost of everyday goods. The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.6% in August from […]
Gulp! Gas prices hit $5 nationwide
The national average retail price for regular gasoline hit $5 per gallon on Saturday for the first time in over two decades, according to data from AAA. It’s the highest the group has seen gas prices rise since it started tracking the data in 2000, and it’s likely to get worse as oil demand continues […]
Gas prices surge 25 cents in a week, $6 a gallon by July
The gas price spike keeps getting worse. The national average jumped to $4.87 a gallon on Monday, according to AAA. That’s up 25 cents in the past week and 59 cents in the past month.There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest being […]