Mexican Media Brands
U.S. Gasoline Prices Jump
Americans are paying an average of $3.55 per gallon for gasoline nationwide, up 25 cents from a month ago, according to the AAA Daily Fuel Gauge Report.
#economics
Share
Americans are paying an average of $3.55 per gallon for gasoline nationwide, up 25 cents from a month ago, according to the AAA Daily Fuel Gauge Report.
Some of the surge in pump prices has been caused by disruptions to refinery output, analysts say. The other major factor is the soaring cost of petroleum. Crude oil futures have jumped about $10.75 since mid-December, closing at $96.62 per barrel on Wednesday on the New York Mercantile Exchange.
Traders attribute gains in oil futures to fears that tensions in the Middle East could tighten petroleum supplies. Those worries ratcheted up on Wednesday when the U.S. said it would impose new sanctions that target Iran's oil revenue.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.