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David Ruggles, an industry analyst, says that understanding oil as a world commodity is a key to understanding U.S. gas prices.
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According to the latest report from Wright Express, gas prices could break 2008 records this summer.
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AAA said that areas in the center of the U.S. using gasoline from refineries with access to less expensive crude oil are seeing prices hold steady or even drop.
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SOUTH PORTLAND, ME - Though oil prices have spiked, gas prices remain steady but will see the usual springtime rise by late February.
Read More →Arizona businesses gain access to Pricelock’s energy auction platform
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PORTLAND, ME – The national average retail price for gasoline has fallen to its lowest point in more than 10 months, to $3.27 per gallon, according to a new report from Wright Express (WEX).
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SOUTH PORTLAND, ME - With weak demand for gasoline, Wright Express said experts expect retail gasoline prices to drop. Diesel prices are likely to rise, though.
Read More →Ricky Beggs, managing editor of Black Book, presents the Oct. 31 edition of "Beggs on the Used Car Market." In his weekly video, he discusses the performance of the various car and truck market segments, and the possible role of changing fuel prices.
Read More →SOUTH PORTLAND, ME - Rising wholesale prices, refinery work, and more fuel being imported all could lead to higher fuel prices throughout the rest of the year, according to a new report.
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The national average of $3.62 per gallon is almost $1 per gallon more than a year ago.
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