Gasoline
The biggest Fed rate hike in 40 years? It could be coming next week.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years. After another dismal U.S. inflation report, economists at the brokerage Nomura Securities on Tuesday became the … Read more
Will Utah gas prices ever go down? Maybe? Possibly?
SALT LAKE CITY — As the summer travel season ends, gas prices on average have fallen far below the $5 a gallon spike Utah residents were seeing just a few weeks ago. But now Utahns are facing inconsistencies in the prices they pay at the pump. CHEAP GAS: Here’s where to find the lowest gas prices in … Read more
Oil Prices Continue To Shed Gains On Small Inventory Build
The American Petroleum Institute (API) reported a slight build this week for crude oil of 593,000 barrels, while analysts predicted a draw of 633,000 barrels. The build comes as the Department of Energy released a massive 8.1 million barrels from the Strategic Petroleum Reserves in the week ending August 26, leaving the SPR with just … Read more
Oil Rally Halts Despite Crude Inventory Draw
Oil prices didn’t extend gains today after the Energy Information Administration reported a crude oil inventory decline of 3.3 million barrels for the week to August 19. This compared with a draw of 7.1 million barrels estimated for the previous week by the Department of Energy agency. One day before, the American Petroleum Institute had … Read more
Oil Jumps On Massive Crude Inventory Draw
Crude oil prices moved higher today, after the Energy Information Administration estimated a draw in oil inventories of 7.1 million barrels for the week to August 12. This compared with a build of 5.5 million barrels reported for the previous week. A day earlier, the American Petroleum Institute estimated a modest crude draw of 448,000 … Read more
Average US gasoline price falls 19 cents to $4.86 per gallon – WKRC TV Cincinnati
Average US gasoline price falls 19 cents to $4.86 per gallon WKRC TV CincinnatiView Full Coverage on Google News
Gasoline Prices See The Largest Drop In Nearly 15 Years
While gasoline prices are still $1.50 higher per gallon than they were this time last year, they fell sharply overnight in what was the largest one-day drop in nearly 15 years, according to AAA data. The current price for a gallon of gasoline in the United States is averaging $4.721 on Friday, down from $4.752 … Read more
Gas Prices Are Falling (For Now)
Photo: Brandon Bell (Getty Images) The price of a tank of gas has been falling since it reached record levels in June, BMW saw its sales drop in the first half of the year, and one European nation experiments with free public transport. All that and more in The Morning Shift for July 8, 2022. … Read more
Delayed EIA Inventory Report Shows Crude Draw, Products Build
Oil prices climbed higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 2.8 million barrels for the week to June 24. A day earlier, the American Petroleum Institute estimated an inventory draw of 3.8 million barrels for the week to June 24, after reporting its biggest oil inventory build … Read more