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Gas prices drop below $100 a barrel for second day
... increased demand, according to Edmonds . Russia's invasion of Ukraine two weeks ago caused oil prices to surge higher, pushing prices at the pump to levels not seen in over a decade. If oil remains in double digits, gasBuddy's head of petroleum analysis, Patrick De Haan , said that the drop in gas prices could fall below $4 in the coming weeks. Since oil is a global commodity, most U.S. consumers should feel some relief, according to Petersen . In states with less gas prices like Mississippi and Oklahoma, gas prices ...
Updated: 03/15/2022
Us diesel prices hit $5 per gallon
... service GasBuddy said that the average price of diesel fuel in the United States reached $5 per gallon on Wednesday. Gas price tracking service GasBuddy said that the average price of diesel fuel in the United States reached $5 per gallon on Wednesday. Patrick De Haan , head of petroleum analysis at GasBuddy , said on Twitter that diesel prices have reached the highest level ever recorded. President Biden has announced a ban on Russian oil, gas, and energy imports to the United States on Tuesday, following the ...
Updated: 03/09/2022
$4 gas, no problem, say Americans say Americans are oversold
... Energy Information Administration . With Biden 's ban and the conflict continuing, they are likely to go higher. The American people have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious," said Patrick De Haan , GasBuddy's head of petroleum analysis, in a statement this week. It's a bad situation and won't improve soon. The high prices are likely to stick around for not days or weeks, like they did in 2008, but months.
Updated: 03/09/2022
Gas prices hit new record high of $4.104
... set in 2008, according to GasBuddy. The average price for a gallon of gasoline in the U.S. hit a new record high of $4.104 on Monday, surpassing the previous record of $4.103 set in 2008, according to GasBuddy . GasBuddy Head of Petroleum Analysis Patrick De Haan said in a statement that Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious. REPORT SAYS, That combination makes this situation even more remarkable and intense, with crippling sanctions ...
Updated: 03/07/2022
Gas prices could bust through 2008 highs
... the average price was $4.08 as of late morning Monday. There are few words to describe the huge rise in gasoline prices over the last week, with huge spikes in gasoline and diesel prices coast to coast, as oil prices jump to their highest since 2008, Patrick De Haan , GasBuddy 's head of petroleum analysis, said in a statement. The nation will soon set new all-time record highs and we could push closer to a national average of $4.50 gal, he said. On Monday morning, De Haan said that the new record was coming ...
Updated: 03/07/2022
San Francisco becomes first city in the U.S. to breach $5 a gallon average
... topped $113 in trading Thursday. San Francisco is the first city in the United States to breach an average of $5 a gallon, according to an industry expert as Russia-Ukraine conflict juices up oil prices, which has topped $113 in trading Thursday. Patrick De Haan , head of petroleum analysis at GasBuddy , told FOX Business Thursday that it's been quite ugly as gas prices increase nationally, but nowhere has the pain been more significant than California, where prices have breached the $5 gallon mark. The ...
Updated: 03/03/2022
Gas prices to hit four bucks a gallon this summer
Gas prices will go up as the summer travelers boost demand and the blending of summer gasoline, Patrick de Haan, GasBuddy head of petroleum analysis told Varney Co. on Monday. Gas prices will go up as the summer travelers boost demand and the blending of summer gasoline, Patrick de Haan, GasBuddy head of petroleum analysis told Varney Co. on Monday. He ...
Updated: 02/15/2022
Us gasoline prices are up 8 cents higher than last week
... to a month ago and 97.5 cents per gallon higher than a year ago, according to GasBuddy . More stress on motorists across the country has been put in place by the fact that prices have gone up each week at the pump, hitting a 7 year high last week. Patrick De Haan , head of petroleum analysis for GasBuddy , told FOX Business that the national average last week had the largest weekly jump since Feb 22. Prices jumped 10.4 cents per gallon in a week in 2021, when they went up 10.4 cents per gallon. The costs ...
Updated: 02/07/2022
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