U.S. average gas prices could cross $4 per gallon by next year, according to a forecast by GasBuddy, which also did not rule out prices hitting $5 per gallon by summer. The year “2023 is not going to be a cakewalk for motorists. It could be expensive,” Patrick De Haan, head of petroleum analysis at…
Gas Prices Could Exceed $4 per Gallon Next Year: GasBuddy
December 28, 2022
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Public Transit Ridership Remains Far Below Pre-Pandemic Levels Despite High Gas Prices: Report
Canada’s public transit ridership remains far below pre-pandemic levels despite high gas prices of late, according to data released by Statistics Canada on Dec. 20. In its “Urban Public Transit” report, StatsCan said ridership in October (117.3 million) was the highest since the outbreak of the COVID-19 pandemic. “That said, there were 51.9 million fewer…
Massive Jump in Regional Gas Prices Pull Up National Average as Refinery Issues Send Prices Soaring
October 3, 2022
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U.S. national average gas prices have risen in the past week, with states such as Washington, Alaska, Oregon, and California seeing prices jump by more than ¢40 a gallon, according to oil analyst Patrick De Haan. “For the second straight week, average #gasprices have risen, the national average is up ¢8.40 per gallon from a…
Rail Strike Could Be Devastating: Expert; EU Emission Regulations Add to Energy Pains | NTD Business
Railroad workers warning a massive strike could be coming if they don’t get what they want in a new contract. What could it do to supply chains in the United States? Treasury Secretary Janet Yellen says gas prices could rise again later this year, but they’re working on a plan to address that risk. The…
Red-Hot Inflation Drives Up Prices of Everyday Essentials
July 14, 2022
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Soaring inflation is pushing up prices of food, energy, and other essential commodities, putting more financial strain on American citizens, with many households spending considerably more of their income on groceries compared to a year ago. The 12-month Consumer Price Index (CPI), a measure of inflation, hit a record 9.1 percent in June, according to…
Americans Change July 4 Plans Due to Gas Prices: Poll
July 4, 2022
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A significant proportion of American citizens have been forced to change their Fourth of July plans because of high gas prices, according to a recently released Emerson College Poll. One in three respondents of the poll has changed their travel plans due to rising fuel costs, the poll states. Eighteen percent changed their plans due…
Many Americans Facing ‘Severe’ Hardship From Elevated Gas Prices: Gallup Poll
Elevated gasoline prices are squeezing U.S. citizens, making life financially harder and forcing them to cut back on spending, according to a new Gallup poll. Among the respondents, 67 percent said that recent gas price increases were causing them hardship, which is the highest level since May 2011. This is up from 52 percent in…
Oil Market Could Remain Tight For Next 5 Years: ExxonMobil CEO
June 21, 2022
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ExxonMobil CEO Darren Woods does not see oil prices cooling down over the next few years, he said while speaking at the Bloomberg Qatar Economic Forum in Doha on Tuesday. Woods said that it would take some time for the volatility in the energy market to end. He is expecting oil markets to remain tight…
Gas Prices Near $6 a Gallon in Washington, Prices Remain Elevated Nationwide
Gas prices in the state of Washington are hovering near $6 per gallon, with prices in other states also rising, putting further pressure on the budgets of American citizens. The average price of regular gas in Washington was $5.529 per gallon as of June 10, according to data from the American Automobile Association (AAA). In…
Gasoline Prices Heading For $5, ‘Not If, But When,’ Says GasBuddy
June 6, 2022
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America’s average gas prices have risen for the seventh straight week, and are heading towards $5 per gallon, according to Patrick De Haan, head of petroleum analysis at GasBuddy. The national average gas price was at $4.85 per gallon according to GasBuddy data compiled from over 11 million individual price reports covering more than 15,000…
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