The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
The national average for a gallon of gas is steadily declining. If both gas demand and oil prices stay low, drivers can anticipate additional decreases in pump prices leading up to Thanksgiving.
Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.
Gas prices have edged lower amid weaker gas demand and declining oil prices. Thousands of gas stations in the U.S. are now selling unleaded gasoline for below $3 a gallon, according to AAA.
Although gas prices declined and demand weakened this week, the pace was slow. The speed at which prices are falling is being held up by the cost of oil, according to AAA.
Chevron Corporation is acquiring rival Hess Corporation in a $53-billion all-stock transaction that it says will upgrade and diversify its portfolio.
Nationwide gas prices dipped on average by eight cents to $3.56 for the week ending Oct. 19, AAA said.
U.S. gas prices dropped this week due to falling oil prices and tepid demand, according to AAA. However, geopolitical uncertainty in the Middle East could drive up oil prices.
A Michigan man allegedly stole 800 gallons of gas from a Shell station using the Bluetooth from a cellphone to hack the pump as prices continue to increase, the station owner said.
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Fuel prices at some Southern California gas stations rose this week, with the cost of regular nearing $7 a gallon as the pain at the pump continues.
Gas prices on average declined slightly after the Fed announced a pause to interest rate hikes. But volatile oil prices could mean uncertainty at the pump. Here’s what you can do.
Average gas prices in California are nearing $6 a gallon due to issues at several refineries within the state. There are 14 refineries in California, producing more than 1.6 million barrels per day.
A United Auto Workers (UAW) union strike on all three automakers could push auto prices and insurance prices up economists said.
Democratic presidential candidate Robert F. Kennedy Jr. said in a social media post that he would ban fracking as part of his plan to end what he called the plastics pollution crisis.
The national average cost for a gallon of gas increased by a nickel from last week to $3.85 as oil prices continued to surge, according to AAA.
Gas prices are nearing a record high for this time of year, and they are likely to rise a few cents in the coming week due to rising wholesale prices — but some relief may be coming.
The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.
Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.
Saudi Arabia and Russia announced a deal to extend oil production cuts until the end of 2023, further constricting supply and sending crude prices soaring.