Sentences with phrase «oil prices dropped nearly»

In July, oil prices dropped nearly 20 %, compared to early June, after Canadian supply returned when wildfires were extinguished and production in Nigeria recovered after unrest was quelled.

Not exact matches

The far - reaching consequences of the recent drop in oil prices have been a testimony to just how central crude is in American life: With cheap gasoline bringing more drivers onto the road, traffic deaths were up nearly 10 percent in the first nine months of 2015.

With nearly half of all American families seeing one fifth of their spending go to oil, gas, and gasoline, a sustained drop in prices means an immediate and significant stimulus.

Speaking of the oil industry, we have seen a nearly 25 % drop in oil prices (US Dollar, West Texas Intermediate) since June, according to the U.S. Energy Information Administration

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..