US Secretary of Energy Chris Wright discusses Japanese plans to increase US LNG imports in “CLAMAN”.
The price of gasoline that goes to the weekend reached at least millions of Americans Get ready to hit the road.
When adjusting inflation, the average price of US retail gasoline on the weekend is 14 % lower than last year, largely due to the decline in crude oil prices, according to this. US Energy Information Office (EIA)Human
For example, on Monday, the price of gasoline retainer regularly in the United States was an average of $ 3.17 per gallon, 11 % lower than a year ago.
According to EIA, the price of retail gasoline has risen 19 % or 49 cents per gallon, on average from January to 10 years, with the exception of 2020, with the exception of EIA. However, gas prices usually rise due to factors such as increasing demand for travel in summer and in spring and summer months Refineries change to summer gasoline Mixings, which are more expensive for production.
According to AAA, it is expected that the record of 45.1 million people will travel at least 50 miles from home during the holiday day, despite concern about rising costs. (Reuters Photos / Eduardo Monoz / Reuters Photos)
Oil prices have fallen over the past six months: What does it mean for gas prices?
According to EIA, the West Coast prices have fallen by 10 percent on average $ 4.29 per gallon on Monday. Meanwhile, the Persian Gulf coast prices have fallen by 13 % on average $ 2.79 per gallon, and the east coast, which has the highest demand for these five regions, has fallen 17 percent since 2024. Prices from Monday on average $ 2.99 per gallon in the area.
In the West and Rocky Mountains, prices were an average of $ 3.03 per gallon and $ 3.13 per gallon, respectively. According to EIA, this decrease is 15 % and 12 % of the year after inflation adjustment.
When adjusting inflation, the average price of US retail gasoline on the weekend is 14 % lower than last year. ((Photo by Justin Sullivan / Getty Pictures) / Getty Pictures)
According to AAA, this number of people – about 45.1 million people – is predicted at least 50 miles home during the commemorative holiday, despite concerns about rising costs.
AAA estimates that most of them, 39.4 million, travel by car weekends, which is from Thursday to Monday.
Expert says the price of gasoline could fall as crude oil falls
President of Lipo's oil partners Andy Lippo said the pump price is expected to be much lower than last year than last year.
According to Andy Lippo, the gas station is expected to remain between $ 3.25 and $ 3.50 per gallon. (Daniel Acker / Bloomberg through Getty Images / Getty Images)
He attributed this to some extent to the tariffs that rise in pressure on oil prices slower, along with optimism from the Organization of Petroleum Exporting Countries and its allies, known as OPEC+. The group estimates that global oil demand will grow 1.3 million barrels per day in 2025 and 2026.
Get Fox Business on a move by clicking here
According to EIA, the price of retail gasoline has risen 19 % or 49 cents per gallon, on average from January to 10 years, with the exception of 2020, with the exception of EIA. (Luis Sinco / Los Angles Times through Getty Images / Getty Images)
According to Bloomberg News, the group also discusses whether it would create another major output in June, causing oil prices to rise.
Phil Flynn, a senior analyst at the Futures Group and Fox Business network partner, said OPEC seems to be planning to increase production and destroy its voluntary production more than a decline, “while the market comes to a deficit.”
“This creates a negative turn on prices, but it was another sign that OPEC wants to make President Trump happy,” Flynn said.