a day ago
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Sep 6, 2022 · High demand for crude oil and low supply pushed gas prices upward this year. And though the Federal Reserve has raised interest rates four times ...
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Jun 30, 2022 · But the major cause of gasoline price increases, as the earlier data show, has not been inflation. The other causes are specific to the oil and ...
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Jun 14, 2022 · The single biggest factor driving the spike now is the price of crude oil. As of April, according to the Energy Information Administration, the ...
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Jun 7, 2022 · High oil prices are usually blamed for record gas prices, but there's also a refinery shortage. More oil's meaningless if we can't convert ...
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Jun 6, 2022 · Why US gas prices are at a record, and why they'll stay high for a long time · Russia's invasion of Ukraine · China lockdowns ending · Less oil and ...
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Aug 11, 2022 · The drop comes as oil falls from its highs. Crude makes up more than half of the cost at the pump. “The streak of daily declines in the retail ...
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Then there are the political factors that have contributed to higher gas prices. President Joe Biden came into office vowing to transition the U.S. economy away ...
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Jun 1, 2022 · A rare combination of economic and geopolitical forces now manifest themselves at the gas pump. The economy's rapid recovery from the pandemic ...
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Gasoline prices tend to increase when the available supply of gasoline decreases relative to real or expected gasoline demand or consumption.
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Pump Price Decreases Ease as Oil Prices Rise. September 15,2022. Since Monday, the national average for a gallon of regular gasoline dropped two cents to ...
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Like most of the things you buy, supply and demand affect both gas and oil prices. When demand is greater than supply, prices rise, and vice versa. For example, ...
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Aug 3, 2022 · We've got some promising news to report from the gas pump of all places. Gasoline prices took a steep drop in recent weeks after hitting a ...
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Other factors that have also historically affected gas prices include: (1) increasing demand, (2) a historical drop in U.S. refinery capacity, (3) a downward ...
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May 28, 2022 · The convergence between the shortage of supply and the increase in demand has sent gasoline prices skyrocketing, McNally, the global lead for ...
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