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Experts Forecast National Gasoline Prices Will Tumble Below $3 A Gallon Soon
Prices at the pump have finally started to creep lower, and according to new government forecasts the trend should speed up significantly in the coming months.
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Prices at the pump have finally started to creep lower, and according to new government forecasts the trend should speed up significantly in the coming months.
Slight downward movement for the average U.S. price of regular-grade gasoline. Prices fell 2 cents over the past two weeks.
AAA said Thursday that a decrease in demand is leading to a drop in gas prices as crude oil prices also tumble.
"We consume 20 million barrels per day so basically he's (President Biden is)talking about reducing 2 1/2 days worth of supply," economist Bernard Weinstein said.
The average gas price in Texas is $3.00 for a gallon of regular unleaded. That price is five cents less than on this day last week and $1.21 more per gallon compared to last year.
A White House official confirmed to CBS News that President Joe Biden will announce on Tuesday a plan to release 50 million barrels of oil from the U.S.' emergency stockpile.
AAA says 53.4 million people are expected to travel for Thanksgiving—making it close to what it was before the pandemic.
AAA Texas, the statewide gas price average in Texas is $3.03 a gallon for regular unleaded. That price is four cents less than on this day last week and $1.23 more compared to this time last year.
The current fuel rates per gallon statewide are hovering above $3.00.
The statewide gas price average in Texas is $3.07 for a gallon of regular unleaded fuel. That price is $1.27 more per gallon compared to this day last year.
The confirmation of the runaway inflation is also troubling for those working to help families already on the financial edge.
The average gasoline price in Texas is $3.02 for a gallon of regular unleaded -- that's nine cents more than on this day last week and $1.15 more than this day last year.
The statewide gas price average in the Lone Star State is $2.87 for a gallon of regular unleaded fuel, a direct reflection that for the first time since 2014 US oil prices are back above $80 per barrel.
According to AAA, the national gas price average Tuesday, August 31, was just under $3.16, but the agency said to expect those to fluctuate as we head into Labor Day weekend.
The average statewide gasoline price in Texas is $2.79 for a gallon of regular unleaded, according to AAA Texas. That price is five cents less compared to a week ago.
The current statewide average price for a gallon of regular unleaded fuel in Texas is $2.84. That price is one cent less than from this day last week and 97-cents more than last year.
As gasoline prices reach a seven-year high, the Biden administration is calling on OPEC and its allies to do more to combat rising energy prices.
The current price for gasoline in Texas is 93 cents more per gallon compared to this day last year.
Americans continue to shell out more money at the gas pump. The average U.S. price of regular-unleaded rose a nickel over the past two weeks, to $3.21 per gallon.
The statewide average is now $2.81 for a gallon of regular unleaded fuel.
According to AAA Texas, the statewide gas price average in the Lone Star State is $2.81 for a gallon of regular unleaded.
The statewide gas price average in Texas is $2.75 for a gallon of regular unleaded -- which is one cent less than last week and 87 cents more than last year.
Gas prices in Texas have increased this week due to factors including rising crude oil prices and global supply, AAA Texas reports.
According to AAA Texas, the statewide gas price average is $2.71 for a gallon of regular unleaded fuel. The cost is two cents less than on this day last week.
The statewide gas price average in Texas is $2.76 for a gallon of regular unleaded fuel. That price is one cent more than on this day last week.
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Passengers have been advised to check their flight status with their airline for the latest information.
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McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
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Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
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Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Consumer confidence in the deal remains as unguaranteed as a nod from the feds.
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Bruce Bochy of the host Rangers became the first manager to win World Series titles and All-Star Games in both leagues.
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Marcus Semien, Kirby Yates and Corey Seager will represent the Texas Rangers Tuesday night in Arlington.
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