#GasPrices #USOilProduction
By 2030, an oversupply of gasoline is predicted by oil-producing countries, leading to lower gas prices in the US. The surge in US oil production is expected to outpace demand, while electric vehicle growth and fuel efficiency improvements decrease gasoline demand. read more
#GasPrices #OversupplyPrediction
Gas prices in the US are expected to continue to drop due to an oversupply of gasoline by 2030, driven by increased oil production. The International Energy Agency predicts a surplus of 8 million barrels per day, lowering prices further. read more
#Biden #gasprices
The Biden administration is releasing 1 million barrels of gasoline from a Northeast reserve to reduce prices at the pump this summer. The move aims to lower costs for American families during the upcoming travel season. read more
#EconomicRecovery #GasPrices
Voters' perception of the economy is slowly improving as concerns about inflation persist. A recent poll shows increased support for Joe Biden's economic recovery efforts, but worries about gas prices are still prominent, impacting voters' financial outlook. read more
#Inflation #GasPrices
Gas prices at a Riverwoods, Illinois gas station on 1 April 2024, contribute to the US inflation rate, which rose unexpectedly to 3.5% in March. The Federal Reserve closely monitors inflation driven by higher home and gas costs. read more