Partly Cloudy 76°
Tag:

Oil Prices

Lifestyle
Pain At The Pump: Gas Prices Spike To New Record High In Pennsylvania Pain At The Pump: Gas Prices Spike To New Record High In Pennsylvania
Pain At The Pump: Gas Prices Spike To New Record High In Pennsylvania Memorial Day travel and rising oil costs have caused the price of gas in Pennsylvania to rise to record levels with no relief in sight for motorists. On Wednesday, June 8, the cost of gas per gallon rose to an average of $5.03 statewide, the highest recorded price since AAA began tracking such figures, according to the organization. The price is up four cents overnight, 26 cents from a week ago, and 53 cents from a month ago as the demand for fuel has risen while tensions overseas have limited the available supply.  On June 8, 2021, motorists were paying an average of $3.18 per gallon in …

SHARE

by Zak Failla
News
Russian Invasion Of Ukraine Means Higher PA Gas Prices Russian Invasion Of Ukraine Means Higher PA Gas Prices
Russian Invasion Of Ukraine Means Higher PA Gas Prices “Pain at the pump,” was a concern reporters pushed President Biden on during a press conference about the Russian invasion of Ukraine on Thursday. Although Biden urged the energy sector to not move prices, experts say the US is already feeling the pinch since tensions began to escalate between the two nations. “Any disruptions to oil flows from Russia in a context of low spare capacity in other regions could easily send oil prices to $120 (a barrel),” Natasha Kaneva, JPMorgan’s head of global commodities strategy, wrote in a report published earlier in February. Gas prices had already t…

SHARE

by Jillian Pikora