Posts Tagged ‘crude oil prices’
AAA: National Gas Price Average Drops Below $4/Gallon
Drivers are getting a break at the pump as the summer travel season heats up. For the first time since March 30th, the national average for a gallon of regular gasoline is down to $3.99. This marks nearly 4 straight weeks of declines. Crude oil prices are down as the U.S. and Iran reach a…
Read MoreAAA: Gas Prices Fall for Third Straight Week
Prices at the pump have fallen for the third straight week. Delaware’s gas price average has dropped 46 cents in three weeks. In the First State, the average price at the pump for a gallon of regular is $3.88 today, down 14 cents in the last week. The South Jersey gas price average is $4.10…
Read MoreAAA: National Gas Price Average Down Some According to Latest Report
The national average for a gallon of regular gasoline is down 12 cents from last week at $4.42, according to AAA. Crude oil prices have been going down this week amid reports of peace talks with Iran. But the fragile situation could cause oil prices to spike again if a ceasefire deal isn’t reached. AAA…
Read MoreAAA: Little Relief for Drivers as National Gas Price Average Rises Again Following Brief Period of Declines
After five straight days of declines earlier this week, the national average is once again on its way back up. AAA reports that today’s national average is a couple cents lower than last week, but with crude oil prices hovering in the $100/barrel range, pump prices remain elevated. As Memorial Day approaches, drivers will be…
Read MoreNational Gas Price Average Rises More Than 25-Cents for Second Straight Week
Drivers are seeing another sharp increase at the pump, with the national average for a gallon of regular gasoline rising 25 cents for the second consecutive week to $4.55. Pump prices are now $1.40 higher than they were a year ago and have reached their highest level since 2022, when the national average peaked at…
Read MoreNational Gas Price Average Drops Bringing Relief to Drivers
Drivers are getting a bit of relief at the pump as the national average went down by 6 cents since last week to $4.03. Crude oil prices have come down below $100/barrel, helping drive down the cost of gasoline for consumers. But how long the downward trend will last is uncertain with continued instability along…
Read MoreAAA: National Gas Price Average Exceeds $4/Gallon For the First Time in Four Years
The national average for a gallon of regular exceeded $4/gallon this week for the first time since August 2022. Today’s average of $4.08 is 10 cents higher than last week and $1.08 higher than a month ago. Crude oil prices have been surging, surpassing $100/barrel, as the conflict in the Middle East continues. The Delaware…
Read MorePump Prices Rising Amid Middle East Conflict and Demand During Spring Break Season
Prices 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—along 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…
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