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July 5, 2014

Egypt’s economic tank is starting to sputter. The result? Pain at the pump.

  • 70% the reported increase in fuel prices in some parts of Egypt after the country severely cut its energy subsidies, blaming a need for austerity measures. Prices for other basic amenities, like electricity, were also expected to increase as a result of the austerity measures. source
17:18 // 2 weeks ago
October 7, 2012

Are you a California resident? Sorry about your gas prices

  • $4.65 per gallon gas prices in California as of Sunday morning, due in part to a power failure at an Exxon refinery in the state.
  • 84¢ the amount this is over the national average; it’s also 24 cents over the next-highest state, Hawaii.
  • 16¢ the amount gas prices have risen in California since Friday alone. source
11:56 // 1 year ago
June 26, 2012

Gas prices in South Carolina bring hope for summer travel costs

  • $2.987 per gallon average price in SC source

» That’s the first time any state’s average price-per-gallon has dropped below the $3 mark since days after the beginning of the Libyan revolution. Fighting began on February 15, 2011, and prices in South Carolina crossed the $3 threshold a few days later on February 19. While a 2.3 cent gap may not seem like much, analysts expect the prices to continue dropping, and millions of Americans will undoubtedly welcome financial relief of any kind — particularly on a commodity that many of us rely on heavily in our daily lives.

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15:34 // 2 years ago
February 23, 2012
Praying for lower gas prices: Demonstrators take part in a prayer vigil for lower gasoline prices in front of a service station in Washington, DC, on February 23, 2012. US President Barack Obama will try to head off Republican criticism over rising gasoline prices Thursday, setting out how the United States should address its voracious appetite for energy. Visiting the hard-hit election battleground of Florida, Obama will address concerns about rising gasoline prices, which have jumped 16 percent in a year in the Sunshine State, providing campaign fodder for his Republican foes. (Jewel Samad/AFP/Getty Images)

Praying for lower gas prices: Demonstrators take part in a prayer vigil for lower gasoline prices in front of a service station in Washington, DC, on February 23, 2012. US President Barack Obama will try to head off Republican criticism over rising gasoline prices Thursday, setting out how the United States should address its voracious appetite for energy. Visiting the hard-hit election battleground of Florida, Obama will address concerns about rising gasoline prices, which have jumped 16 percent in a year in the Sunshine State, providing campaign fodder for his Republican foes. (Jewel Samad/AFP/Getty Images)

18:05 // 2 years ago
September 20, 2011

Good news: Gas prices are down, but not from a year ago

  • $3.60 the average price of gasoline in the U.S.
  • -35¢ the decrease in price from May’s peak
  • +87¢ the increase in price from a year ago source

» What caused the increase? To put it simply, many analysts point to the civil war in Libya for inflating the price of gas, as it took 1 million barrels of oil out of the supply chain each day, raising the price of oil by $20 per gallon at its high point. The recent successes the rebels have had since NATO started its air strikes exactly six months ago tonight have helped to bring the prices down to more manageable levels. Seasonal factors are also at play, and with Labor Day behind us, gas prices should continue to decline through Christmas.

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0:33 // 2 years ago
August 15, 2011

Arizona: Home of the Grand Canyon and the country’s cheapest gas

  • desert Quick, road trip to Arizona! The state has seen the lowest gas prices of the country since early July. Residents of the state pay an average of $3.347 per gallon, and if you’re in Tucson, you’re paying a fairly svelte $3.255 per gallon.
  • oasis? Quick, road trip to — uh, maybe not. The islands of Hawaii show the country’s highest price per gallon since March: over $4. But you wouldn’t be able to drive to Hawaii anyway, unless your car was equipped with fins. source
22:30 // 2 years ago
May 19, 2011

Senate bill to expand offshore oil leasing fails

  • 42 "yes" votes in Senate vote to start offshore oil lease sales again source

» And 42 votes is, obviously, not enough. The Senate GOP brought this vote to the floor, and as it lost comfortably by eight votes, they probably considered it doomed to fail from the get-go. As such, this looks like a show vote, less designed to impact policy (though I’m sure the GOP wouldn’t have minded getting it through) than to court political favor. As increased offshore oil drilling would have minor if any effect on the domestic gas prices (global market and all that), this bill serves two goals: make people think Democrats are keeping gas prices high, and remind big oil that despite recent talk of stripping industry subsidies, the Republican Party still has their back.

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17:18 // 3 years ago
April 28, 2011

ExxonMobil, Shell making a crapload of money off high oil prices

  • 69% quarterly profit increase for ExxonMobil source

» And yet you’re paying $4 a gallon for gas: The world’s most iconic oil company scored $10.65 billion in profits for the quarter, which is at least in part due to the fact that oil is currently over $100 a barrel. While the company had other factors in play, other companies are getting same the oil-price bump: Shell, for example, had a 30 percent leap in profits. Maybe we’re crazy here or something, but … isn’t there a point where you hand these profits down to the consumer? You can afford it.

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11:11 // 3 years ago
April 19, 2011

Gas Rising: Six states in the US pay at least $4.00 per gallon

  • $4.48 average cost per gallon for gas in Hawaii, the most expensive in the nation
  • $3.54 cost per gallon in Montana, the state with the cheapest gas
  • 26 days straight; that’s how long gas prices in the US have been rising source
0:06 // 3 years ago
April 12, 2011

The weather’s getting nicer? Time to start bitching about gas prices

  • $4.11 the average peak price per gallon that gasoline reached back in July of 2008
  • $3.77 the current national level, culled from a survey of 100,000 gas stations nationwide
  • six the number of states reportedly paying more than $4 per gallon right now source
11:23 // 3 years ago