US gas prices

Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update

U.S. Gas Prices Down As Gasoline Demand Down

The U.S. Energy Information Administration reports that gas prices in the U.S. are down 10% compared to the same time last year. Or, actually, taking inflation into account, they are down 13%! This is despite an expected 2% increase in miles traveled during Thanksgiving weekend. California was a notable part … [continued]

EIA Expects Summer U.S. Real Gasoline & Diesel Prices To Be The Highest Since 2014

In our Summer Fuels Outlook, a supplement to our April 2022 Short-Term Energy Outlook, we expect retail gasoline prices to average $3.84 per gallon (gal) this summer driving season, April through September, compared with last summer’s average price of $3.06/gal. After adjusting for inflation, this summer’s forecast national average price would mark … [continued]