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Energy

“$3 per gallon gasoline is in sight amid record U.S. oil production”

“Gas prices look poised to fall below $3 per gallon for the first time since May 2021. Why it matters: Prices at the pump can dictate drivers’ budgets, and have been shown to impact consumer sentiment. Zoom in: The national average price of gas… Continue Reading…

Economy

“US Gasoline Prices Fall for 60 Straight Days…”

“…A gallon of gasoline now costs $3.25 on average in the US, more than 60 cents below the year’s peak in mid-September and about 30 cents cheaper than this time last year, according to data from the American Automobile Association.… Continue Reading…

Economy

“U.S. retail sales soften as high gasoline costs begin to bite”

“Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.  The value of overall retail purchases increased 0.3 per cent, after an upwardly… Continue Reading…

Economy

“America is set to surpass Saudi Arabia in a ‘remarkable’ oil milestone”

“…America is about to steal the kingdom’s energy exporting crown.The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy. That milestone,… Continue Reading…