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Tag: Energy Information Administration

Gas Station Pump

Gas prices surge to highest levels since October 2014

Posted on October 11, 2021 by Chris Montcalmo

BALTIMORE, MD—The national average price for a gallon of gas rose 8 cents on the week to reach $3.27, according to AAA. This is the highest price since October 2014 and is primarily due to the surging price of crude oil, which crept above $80 bbl before edging slightly lower. “The key driver for this recent rise in the price […]

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Gas Station Pump

Gas prices edge higher as oil prices keep up the pressure

Posted on October 4, 2021 by Chris Montcalmo

NOTTINGHAM, MD—Gas prices rose two cents over the past week to $3.20 per gallon, a level not seen since October 2014. The probable causes for the increase are a slight uptick in demand and the high price of crude oil, which is stubbornly staying above $73 bbl, according to AAA. “Global economic uncertainty and supply chain concerns caused by the […]

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