Sentences with phrase «in gasoline prices since»

Despite a 39.5 percent decline in gasoline prices since June, consumer spending has been soft in the past two months.

Not exact matches

OTTAWA — Rising gasoline and car prices fuelled the first significant spike in Canada's cost of living since February last month, lifting the annual inflation by half a point to 1.2 per cent — still low by historial standards.

Fueled by low prices, and an improving job market, consumption of gasoline in the U.S. rose by 2.6 per cent last year to 9.2 million barrels a day, the highest level since 2007, the government said.

Gasoline prices accounted for about two - thirds of the increase in the CPI and also jumped at the highest rate since February.

The drop in pipeline traffic has sent product prices soaring, with gasoline registering its highest price since 2015 on the New York market.

A poll conducted by Associated Press - GfK in late March — when oil prices had already risen 26 per cent since the start of the year to US$ 108 a barrel — revealed that two - thirds of Americans expected rising gasoline prices to cause hardship for them or their families in the coming months.

We upgraded our view on U.S. consumer discretionary stocks last fall and still believe that households are in a better position than they were just a few years ago: Consumer debt is down while household wealth is up, gasoline prices are much lower than a year ago and the U.S. is creating jobs at the fastest pace since the 1990s.

However, since Canada's population is concentrated in markets that already fetch their oil at higher world prices, even if western Canadian producers were to access better prices for their products, that would be unlikely to have a meaningful effect on gasoline prices or other segments of our economy.

The average retail price for motor gasoline this summer (April through September) is expected to be $ 2.67 per gallon, the lowest price (in real dollars, adjusted for inflation) since 2009, based on projections in EIA's July Short - Term Energy Outlook (STEO).

But, will the Fed look through the headline and discover that the only reason why real spending was half decent was the 10 % drop in gasoline prices between May and July, most of which has since disappeared:

Since you can control large amounts of a commodity with a relatively small amount of money on margin, you can leverage your portfolio to take advantage of price swings in the commodity without having to actually take delivery of thousands of gallons of gasoline — something that is impractical for everyone other than institutions (such as refiners, airlines, transportation fleets, gasoline retailers, etc.).

Similarly, the statewide average price of gasoline has risen 23 cents per gallon since Harvey made landfall in Texas over a week ago.

«As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $ 2.20 / gallon, the lowest since gas prices peaked to about $ 4 / gallon in May 2011.»

Senator Barack Obama commented on the drilling idea on Tuesday, saying: «Much like his gas - tax gimmick that would leave consumers with pennies in savings, opening our coastlines to offshore drilling would take at least a decade to produce any oil at all, and the effect on gasoline prices would be negligible at best since America only has 3 percent of the world's oil.

In short, there's nothing a president can do to immediately significantly alter the price of gasoline, since it is first and foremost determined by the global oil market (that's why domestic drilling has a relatively minor impact).

In the years since, the price of oil has increased seven-fold, and the price of American gasoline has more than tripled.

Since 2012, declines and the subsequent stability in the price of motor gasoline and other fuels, along with the continued economic recovery, have led to higher fuel consumption and increases in energy - related CO2 emissions in the transportation sector.

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

Time to buy a bike: Gasoline prices in North America will soar over the next four years to $ 7.00, causing a massive jolt to the continent's manufacturing base not seen since the oil shocks of the 1970s, a leading economist is warning.

The specific assumptions underlying ACEEE's earlier estimates of job gains will inevitably differ somewhat from how things unfold — and in particular gasoline price projections have come down since then — but the impressive growth of the auto industry during the recent years of brisk advances in fuel efficiency technology is certainly consistent with the fundamentals of our analysis.

The government's measuring stick, vehicle miles traveled (VMT), has reversed more than half a century of annual increases and has inched downward since 2006 — even before gasoline prices spiked in 2008, topping $ 4 a gallon for a while.