Posts Tagged ‘crude oil prices’
Pump Prices Rising Amid Middle East Conflict and Demand During Spring Break Season
Price at the pump continue to rise in connection with the war in the Middle East. According to AAA, crude oil prices remain high as the Iran conflict nears the 4-week mark. The national average could reach $4/gallon in the coming days for the first time since August 2022. Gasoline demand is also on the…
Read MoreAAA: Pump Prices Soar Toward $4 as Middle East Conflict Sends Crude Oil Near $100/Barrel
Gas prices continue to rise amid escalating conflict in the Middle East, pushing crude oil prices close to $100 per barrel. Because crude oil makes up about 50 to 60 percent of the cost of a gallon of gas, global tensions鈥攁long with disruptions near the Strait of Hormuz, a key route for about 20 percent…
Read MoreRising Pump Prices, Higher Gas Demand as Spring Break Begins
Spring Break season is here as the national average for a gallon of regular gasoline jumped nearly 35 cents since last week. according to the latest report from AAA. Current prices are similar to the spring of 2024. Gasoline demand increases this time of year as the weather warms up and more drivers hit the…
Read MoreGas Prices Falling Ahead of the Labor Day Holiday
Gas prices dropped 6 cents nationally since last week to $3.37 a gallon. In Delaware the price at the pump is down 9 cents in the lat week to $3.21. Officials at AAA Mid-Atlantic say that domestic gasoline stocks fell last week, but gasoline production increased. Mild gasoline demand, steady supply and low oil costs…
Read More