The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to $4.43 per gallon
NBC Universal, Inc.
The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon as Russia's invasion of Ukraine is contributing to already-high prices at the pump. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the new price exceeds by 32 cents the prior all-time high of $4.11 set in July 2008.
In today's dollars, the previous record would be equal to $5.30 a gallon, according to the U.S. Bureau of Labor Statistics' inflation calculator.Lundberg said gas prices are likely to remain high in the short term as crude oil costs soar amid global supply concerns following Russia’s invasion of Ukraine.
Prices at the pump were rising long before Russia invaded Ukraine as post-lockdown demand has pushed prices higher. Crude prices plummeted in early 2020 as economies around the world shut down because of COVID-19 — the price of futures even turned negative, meaning some sellers were paying buyers to take oil. Prices rebounded, however, as demand recovered faster than producers pulled oil out of the ground and inventories dried up.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GasBuddy: Average gasoline prices in Houston moved near $4 a gallon, but they may have peakedOil prices have retreated after surging above $120 a barrel last week.
Leer más »
Battery Ventures raising over $4 billion for new fundsBattery Ventures is raising over $4 billion for a pair of new funds, according to SEC filings.Why it matters: Venture capital fundraising hasn't been slowed by receding tech valuations, although that might just be a matter of time.Get market news worthy of your time with Axios Markets. Subscribe for free.A Battery spokesperson declined to comment, citing regulatory restrictions.Details: Battery is targeting $3.5 billion for its 14th flagship fund, of which it's already secured over $3 billion. I
Leer más »
AAA: Gas prices dip slightly, but Florida drivers are still paying more than $4 per gallonThe average price of gas in the Sunshine State is $4.35 a gallon, according to the weekly briefing from AAA-The Auto Club Group. That’s a slight dip from the high price last week of $4.38 a gallon.
Leer más »
10 people injured, 43 vehicles damaged in Route 581 crashThe crash closed Route 581 in Cumberland County for four hours.
Leer más »
'If You Don't Tip Your UberEats Driver You're a Bitch': Food Delivery Tips in the Time of $4 GasThe King's Garden residential community in Frisco has an oblong park squat in the middle of it, with an enormous fountain at one end.
Leer más »
10 deals you need to see on Sunday: $20 Echo Auto, $4 smart plugs, $189 AirPods Pro, moreAmazon deals on Sunday include Echo Auto, Echo Buds, Alexa smart plugs, Apple AirPods, robot vacuums, KN95 masks, and much more.
Leer más »