Nearest cheapest gas station1/25/2024 ![]() ![]() ![]() Inside the epicenter of America's Great Resignation: Kentuckians lay out the 4 forces driving the state's labor shortage - and explain why it's here to stay Millennial New Yorkers are ditching basements and roommates for luxury apartments at $1,000-plus discounts The world's youngest self-made billionaire hopes to power every future self-driving car with a technology that Elon Musk says is 'doomed' Tiffany and the Trumps: Insiders describe how the president's younger daughter has charted what they say is a distant relationship with her father and come to terms with having America's most divisive last name Inside the French Riviera's pandemic party problem Yachting insiders detail the rampant sexual harassment aboard million-dollar ships, where crew members are promised a glamorous lifestyle and can instead find themselves trapped at sea with no one to turn to Millennials came limping out of the Great Recession with massive student debt and crippled finances. Basically, she's written about money from every angle you can imagine. She also reports on consumer spending and New York City's economy, and previously wrote about the ultrarich and personal finance at Insider before joining its economy team. She covers trends in how these generations are living and spending and examines how the economy is shaping them and their financial behaviors. Hillary focuses on the intersection of youth culture and wealth, reporting on the lifestyles and economics of millennials and Gen Z. peaked in July at a record £1.92p a liter for petrol and £1.99 for diesel.Account icon An icon in the shape of a person's head and shoulders. In recent months, concern over fuel prices returned as petrol rose for four months in a row as crude oil prices increased again after major oil producers, such as Saudi Arabia and Russia, decided to restrict production. ![]() Fears over oil global supplies saw the price of a barrel of Brent crude oil hit more than $120 in June 2022. The cost of filling up began rising as demand increased when coronavirus pandemic lockdowns were eased, and jumped further after Russia invaded Ukraine last year. Competition and Markets Authority (CMA) said last month that retail prices for petrol and diesel had not fallen in step with wholesale costs, adding that there was “cause for concern” competition in the fuel market was not working. The drop also comes after the UK competition watchdog warned that drivers were not getting a fair deal, according to the BBC. forecourts in October 2021.Ī fall in wholesale fuel costs resulted in lower pump prices, according to the RAC, and petrol could fall below £1.40 in the next week. In Britain, where gasoline is called petrol, prices have fallen to lowest level at the pumps on average for more than two years, the Royal Automobile Club has said.Ī liter of unleaded costs about £1.43 on average, a price which was last seen at U.K. Ford said this week that it’s cutting 2024 production of its electric F-150 Lightning pickup in half.ĭe Haan said he believes prices could drop below the symbolic $3 threshold by Christmas. More affordable gas may be putting pressure on sales of electric vehicles. When factoring in inflation, the price of gas is about where it was at this point in 2017, De Haan noted. consumer price index published on Tuesday. ![]() oil production and traditional seasonal patterns, Patrick De Haan, head of petroleum analysis for GasBuddy, told Axios.Ĭonsumer prices overall rose slightly from October to November, but the fall in the price of gas helped keep inflation in check, according to the U.S. Several factors have led to lower prices in recent weeks, including concerns about China’s economy, record U.S. The decline is also a significant factor in the broader decline in U.S. Gas prices hit family budgets and can affect consumer sentiment indicators about the state of the economy. The average price of a gallon of regular unleaded gas is now below $3 in 29 states, according to GasBuddy. ![]()
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