Average California Gas Price Today Differ in Several Counties

LA County’s gasoline price today at $3.829 per gallon, a $0.001 fall, ended consecutive increases throughout the past 14 days. During the streak of increases, the average gasoline price gained $0.138, which includes its recent increase of   $0.002, according to figures of the OPIS and AAA. In spite of the slight fall, the average gasoline price today is $0.052 higher compared to a week...
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Lower Crude Oil Prices Hurt Occidental Petroleum Q2 Results

Occidental Petroleum Corp. recently announced a drop in its second quarter profits by almost 27 percent due to the decline in the cost of natural gas and the per barrel price of crude. In quarter two of the present year, oil and natural gas companies, such as Occidental, encountered decreasing per barrel prices of crude and the lowest natural gas prices seen in ten years. The net earnings of the...
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AAA Mid-Atlantic Report Shows Continuous Gasoline Price Increase

The Weekend Fuel Report of the Mid-Atlantic AAA shows that the current gasoline price reflects a continuous rise in a three-week period and the increases may not cease until the end of August. Regular gasoline’s nationwide average has been forecasted to increase this week in Hagerstown from $3.39 to $3.45 a gallon and from $3.39 to $3.44 per gallon throughout Maryland. According to the...
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EIA Predicts Crude Price per Barrel near $100 Until 2013

The Energy Information Administration, the clearinghouse for energy data from the United States government, predicts the crude price per barrel of Brent to stay close to $100 until 2013 ends. That is a significantly lower forecast compared to that of the government of Newfoundland and Labrador in its 2012-2013 budget estimates. The provincial government anticipated an average per barrel oil...
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Political Issue Weakens with Falling Prices of Gas

Back in first quarter of this year, politicians from the Republican party were convinced that the price of gasoline would be a victorious issue in politics by fall. Commentators on the GOP’s side forecasted the per gallon prices of gasoline to reach $5 and $6 by Memorial Day and Election Day respectively. And President Barack Obama was blamed for the expensive prices of gas stating that it...
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