gasoline prices

Gasoline Led Prices Slightly Higher in January

The consumer price index climbed three-tenths of a percentage point in January, the Labor Department said Wednesday. That was the fastest pace of inflation in five months. But most of that can be attributed to higher gasoline prices, which rose by 7.4 percent in January. Outside of fuel, price increases were tame or nonexistent.

MILL VALLEY, CA - MARCH 03: A customer pumps gasoline into his car at an Arco gas station on March 3, 2015 in Mill Valley, California. U.S. gas prices have surged an average of 39 cents in the past 35 days as a result of the price of crude oil …

Ortiz: Don’t Blame Trump for $3 Gas

Alfredo Ortiz writes in The Hill that, for lack of anything else to pin on Trump, perennially disgruntled Democrats are blaming the 50 cent rise in gas prices on the president’s “reckless decision to pull out of the Iran deal.”

High gas prices could be the new normal

OPEC Agrees to Production Decrease, Prices Increase

At the end of September, the Organization of Petroleum Exporting Countries (OPEC) surprised the markets by agreeing to a production cut. As soon as the 14-nation deal was announced, oil prices jumped more than five percent to some of the highest levels since the crash two years ago.

US oil rose above $50 a barrel in New York last week for the first time since June

What’s Up with Prices at the Pump and Why It Could Be a Good Sign

All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing.

The Associated Press

Tesla’s ‘Success’ a Great Example of How Regulations Manipulate Markets

The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day.

The Associated Press

National Gasoline Prices Lowest Since May 2009

AAA estimates U.S. households in 2014 saved an average of $115 on gasoline compared to last year, with the majority of that savings coming during the price collapse that sent the national price down to an annual low of $2.26 on the last day of the year. Gasoline prices have continuously fallen every day for an all-time record of 97 days. The last time America saw such a low average national price was on May 12, 2009.

AP/Rich Pedroncelli