WASHINGTON, D.C. — Despite less than stellar domestic demand, the national average for a gallon of gas fell only two cents since last week. The primary culprit is the cost of oil, which is creeping closer to $80 a barrel. Since oil is the main ingredient in gasoline, higher oil costs tend to put upward […]
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Time to Talk Turkey and Lower Gas Prices
WASHINGTON, D.C. — With Thanksgiving fast approaching (and maybe the in-laws), the national average for a gallon of gas is steadily declining. Since last week, pump prices have fallen six cents to $3.34. Since the price peak for 2023, the national average has either fallen or remained flat for 60 straight days. “Drivers this Thanksgiving […]
Read MoreGas Prices Start to Feel Low, and That’s a Good Thing
WASHINGTON, D.C. — The national average for a gallon of gas dropped four cents since last week to $3.40. However, the steady, if slow, decline may gain speed after recent drops in the price of oil. Parked in the mid-$80s per barrel a week ago, oil is now hovering around the mid-$70s. Since it is […]
Read MoreGlobal Tensions Keep Falling Gas Prices From Gaining Momentum
WASHINGTON, D.C. — The national average for a gallon of gas dipped by only three cents since last week to $3.53. Despite slackening demand, the pace of falling gas prices is being held up by the cost of oil, which is hovering in the mid-$80s per barrel. “The oil market is very sensitive to […]
Read MoreAs the Leaves Fall, So Do Gas Prices
WASHINGTON, D.C. (October 19, 2023)—Despite global tensions causing ripples through the oil market, the national average for a gallon of gas maintained its autumnal dip, falling eight cents since last week to $3.56. Pump prices have lost 32 cents since their 2023 peak of $3.88 a month ago. This means drivers are saving about $5 […]
Read MoreGas Prices Fall Despite Clouds of War
WASHINGTON, D.C. — Domestic pump prices maintained their daily decline despite the uncertainty rippling through the oil market in the days since Hamas terrorists attacked Israel. Oil prices have risen a few dollars per barrel this week, but that is far from the roughly $40 per barrel temporary spike following last year’s Russian invasion of […]
Read MoreDespite the Autumn Colors, Drivers Find More Green in Their Wallets
WASHINGTON, D.C. — The decline in pump prices accelerated a bit since last week, with the national average falling seven cents to $3.76. The primary culprits are slack demand and the falling cost of oil, which has shaved more than $10 and is hovering near $82 per barrel. “Drivers are finally seeing some relief […]
Read MoreFalling Like a Feather
WASHINGTON, D.C. — Despite tepid demand with fewer drivers visiting the pump, the national average for a gallon of gas only fell three cents since last week to reach $3.83. The slow descent is due to the high cost of oil, which is acting like a drogue chute on falling gas prices. “Oil is […]
Read MoreDid We Reach the Top Gas Price for 2023? Stay Tuned.
WASHINGTON, D.C. — The national average for a gallon of gas hit what may be 2023’s peak price of $3.88 earlier this week, only to slide a few cents in the following days. Today’s average is $3.86 – a penny more than a week ago. “The recent drop in the national average, while […]
Read MoreAre We There Yet? Gas Prices May Slowly Dip as Fall Arrives
WASHINGTON, D.C. — The national average for a gallon of gas rose by a nickel since last week to hit $3.85. The primary culprit is the surge in oil costs, which have jumped several dollars to hover around $90 per barrel. “Oil costs are putting upward pressure on pump prices, but the rise is […]
Read MoreGas Prices Slump Slightly as Summer’s End Approaches
WASHINGTON, D.C. — The national average for a gallon of gas dipped a bit following the long Labor Day weekend, falling two cents since last week to $3.80. The decrease comes despite a recent uptick in the price of oil, the primary ingredient in gasoline. “Pump prices appear to be defying the odds at […]
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