Posts Tagged 'gasoline prices'

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August 2015 Gasoline Report: Pump Prices Set to Fall

The average price of regular unleaded gasoline reached $2.79 per gallon in July, down one cent from June. Gasoline prices averaged $2.51 per gallon over the first seven months of the year, which is 29% below last year’s $3.55 average. After rising by a combined 25.7% between February and May, crude oil prices ticked lower over the past two months. 

Summer Weather to See Economy Bounce Back

The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March. The result marked the first retreat in three years, but economists are confident the downturn was temporary. According to the Commerce Department, gross domestic product contracted at an annual rate of 1% in the first quarter. That was worse than the government's initial estimate last month that GDP during the period grew by a slight 0.1%. The economy last posted a decline in the first three months of 2011 when it dropped 1.3%. The  ...



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