The U.S. government says the average price of retail gasoline will rise to $2.46 a gallon this summer as oil prices bounce back. But prices at the pump will still remain below levels of just a few years ago. The Energy Information Administration says gas averaged $2.23 a gallon last summer. The hike reflects the 15 percent rise in oil…
The Latest on the Alabama pipeline explosion (all times local): Noon: Experts say motorists could soon begin seeing higher costs at gas pumps in some Southern states after a pipeline explosion in Alabama. Georgia-based Colonial Pipeline said it shut down both of its main lines after Monday’s blast, which killed a worker and injured several others. Both lines, which supply…
Good news for anyone driving this Labor Day, gas prices are at their lowest levels since 2004. The national average for a gallon of regular is $2.21. That’s 20 cents cheaper than this time last year. The summer of low gas prices has resulted in big savings for driver; almost $19 Billion compared to last year. The average U.S. Household…
The U.S. Energy Administration reports gas prices are down 36 cents per gallon from this time last year. While the lower prices are good for your budget right now, they could eventually affect your grocery budget. Alabama farmers greatly benefit from lower gas prices. The lower prices mean they spend less money planting and harvesting their crops and transporting them…
Gasoline under $2 a gallon? For a whole year? That’s the government’s latest forecast. The U.S. Energy Information Administration said Tuesday in its monthly short-term energy outlook that regular gasoline will average $1.98 a gallon nationwide in 2016. If the forecast is right, it will be the first time since 2004 that U.S. drivers have paid a full-year average of…
