Some analysts predict oil prices could hit $100 in the coming months, while others foresee that growth in major economies like China will keep a lid on prices.
The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned
Drivers have a small window Thursday afternoon to snag the discount.
The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.
The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.
The gas discount deal is effective now through Sept. 15, and gives Walmart+ members a 20-cent discount for each gallon of gas.
Gas prices in the U.S. are continuing to rise this summer, creating another money headache for Americans. Here's a few factors that are causing the price jump.
Sheetz is celebrating America's birthday with a gift to drivers in several states - reduced gas prices!
The national average cost for a gallon stayed steady at $3.57, as demand for gas and oil prices fell, even as more than 37 million Americans drove to their holiday destinations on the holiday weekend, AAA said.
According to AAA, drivers are currently paying an average of $3.55 for a gallon of regular gasoline. That is more than $1 lower than a year ago.
Drivers over Memorial Day weekend had a pleasant surprise at the gas pump. AAA said Americans paid less to fuel up this year.
Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.
Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.
As of Monday, regular gasoline averaged roughly $3.50, according to AAA. If Flynn's prediction holds, it could mean gasoline prices will climb above $4 per gallon as summer nears.
Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worlwide inflation.
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.
BP's profit doubled to $28 billion as Russia’s invasion of Ukraine sent oil and gas prices soaring.