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SOUTH PORTLAND, ME and WASHINGTON - New reports from Wright Express and the U.S. Energy Information Administration say gas prices are likely to fall between $3.50 and $3.75 in early spring.
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WASHINGTON – A new report on gas and oil prices from AAA explains that although oil prices remain steady, around $100 per barrel, gasoline prices are moving up due to refinery shutdowns in the U.S. and Europe.
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TORRANCE, CA – Oil and gas prices are on the rise, caused by fears of supply disruption due to unrest in the Middle East. OPEC has informally agreed to increase output to allay supply concerns.
Read More →Worries about Europe’s debt problems and high oil inventories are said to be the reasons for the drop in U.S. oil prices.
Read More →The federal agency raises prices to reflect an increase in demand for oil and fuel.
Read More →'Peak Oil' theorists say the supply of oil will tighten in the next few years, leading to higher prices.
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