gas prices

Economy
10:09 am
Thu October 23, 2014

You're Enjoying Low Gas Prices, But Is It Really A Good Sign?

Macy Gould shared this photo from Lexington, Ky., where the gas prices are under $3.
Macy Gould Instagram

Originally published on Thu October 23, 2014 1:40 pm

All around the country, gasoline prices have been falling for weeks, down to an average of about $3 a gallon. Those lower prices are helping restrain inflation across the board.

On Wednesday, the Labor Department said its consumer price index barely inched up 0.1 percent last month. Over the past 12 months, the CPI has risen by 1.7 percent, roughly half of its historical average rate of increase.

That sounds great for consumers.

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Business
12:51 pm
Fri April 25, 2014

Gasoline Prices Rise As U.S. Refineries Send More Fuel Overseas

With so much fuel headed elsewhere, the national average price for a gallon of regular gasoline is now $3.69, compared with $3.53 a month ago, according to AAA.
Rich Pedroncelli AP

Originally published on Fri April 25, 2014 1:28 pm

The weather is warming and vacation season approaching.

And, just as predictably, the price of gasoline is rising. It does that every spring as refineries switch to more expensive summer blends.

But this year, the seasonal price bump is getting an extra bounce. Gasoline is costing consumers about 5 percent more than last year at this time, even though oil supplies are abundant. Why?

Experts say U.S. retail prices are nudging higher in large part because Gulf Coast refineries are sending more gasoline to other countries.

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Business
4:53 pm
Wed January 8, 2014

As Temps Drop, Gas Prices Rise, Along With Demand For Fuel

Propane cylinders sit on the grounds of Blue Rhino, a propane gas company, in Tavares, Fla. In the Midwest, farmers needed more propane for crops that came in later than normal.
Gerardo Mora Getty Images

Originally published on Mon February 10, 2014 3:18 pm

Cold weather this week has boosted demand for heating fuels across the country. Natural gas prices are up, especially in the Northeast. At one point prices for natural gas into New York City jumped nearly tenfold from an average winter price of $5.68 per million BTU to $55.49, according to Bentek Energy, an analytics company.

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Business
2:25 am
Fri October 18, 2013

Declining Gas Prices Pump Up A Shaky Economy

A motorist fuels up at a service station in Springfield, Ill.
Seth Perlman AP

Originally published on Fri October 18, 2013 11:34 am

In recent weeks, economists have been worrying about the negative impact of the now-ended government shutdown and potential debt crisis.

But away from Capitol Hill, the economy has been getting a big boost: Gasoline prices have been declining, week after week. In some parts of the country, a gallon of unleaded regular gasoline is now down to less than $3 a gallon — a price most Americans haven't seen in three years.

And any time the pump price starts dropping, consumer spirits start rising.

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