Mexican Media Brands
No Relief Expected on U.S. Gasoline Prices
Average gasoline prices—which spent last weekend’s Labor Day holiday at a four-year high of $2.83 per gallon—aren’t likely to ease much between now and the end of next year.
#labor #economics
Share
Average gasoline prices—which spent last weekend’s Labor Day holiday at a four-year high of $2.83 per gallon—aren’t likely to ease much between now and the end of next year.
Prices for regular grade fuel this summer have been about 43 cents per gallon higher than they were in the same period last year, according to the U.S. Energy Information Administration. The agency blames relatively high crude oil prices and an increase in miles driven.
Prices typically climb during the summer, because consumption rises and regulations require a blend that costs more to make. EIA says prices rose to $2.85 per gallon from April through August.
The agency projects prices will average $2.76 per gallon for calendar 2018 and will remain at that level next year.
RELATED CONTENT
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.