Gas Prices

7:43am

Sun May 12, 2013
The Two-Way

U.S. Gas Prices Expected To Remain Low For Summer

Originally published on Sun May 12, 2013 11:07 am

Gas prices are displayed on a board at a Hess station in Hoboken, N.J., Sunday. Lower oil and gasoline prices are giving relief to consumers who recently seemed about to face the highest prices ever.
CX Matiash AP

Drivers will find this summer's gas prices are lower than last year's, the result of a spike in crude oil production. Government forecasters say a gallon of regular gasoline will cost about $3.50 this summer — a slide of more than 10 cents from last year.

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6:53am

Fri March 29, 2013
The Two-Way

Consumer Spending Rose 0.7 Percent In February; Higher Gas Prices A Factor

Originally published on Fri March 29, 2013 8:30 am

Retailers are doing all they can to attract consumers, who drive the economy. (File photo from 2012 of a store window in Santa Monica, Calif.)
Kevork Djansezian Getty Images

There was a slightly larger-than-expected increase of 0.7 percent in consumer spending from January to February, the Bureau of Economic Analysis says.

Higher gasoline prices, though, were much of the reason for the rise. According to the bureau, if spending is adjusted for inflation the increase was a more modest 0.3 percent — the same as in January. And higher energy costs were behind most of the inflationary pressures last month.

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3:23am

Thu March 28, 2013
NPR Story

IMF: Gas Prices Don't Reflect True Costs

Originally published on Thu March 28, 2013 7:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

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6:53am

Fri March 15, 2013
The Two-Way

Gasoline Pushed Consumer Prices Up Sharply In February

Originally published on Fri March 15, 2013 8:05 am

Handles on a gas pump in Brooklyn.
Jonathan Fickies Landov

Consumer prices jumped 0.7 percent in February from January, the Bureau of Labor Statistics reports. The increase was fueled by a 9.1 percent surge in gasoline prices. Gas prices alone accounted for about two-thirds of the overall rise, MarketWatch says.

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2:56pm

Tue February 19, 2013
Economy

End Of Winter Drives Nation's Gas Prices Uphill

Originally published on Tue February 19, 2013 4:42 pm

Reports indicate that gas pump prices are at their highest level on record for this period of the year, but consumers might see a break in the near future — if all goes well.
Joe Raedle Getty Images

If you've been behind the wheel recently, you already know gasoline prices are up.

The national average price for regular gas rose to nearly $3.75 a gallon Tuesday, according to AAA's Daily Fuel Gauge Report.

"Retail prices have gone up for each of the last 33 or so days — dating back to about Jan. 17," says Denton Cinquegrana, executive editor at the Oil Price Information Service.

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