June 27, 2000 |
President Clinton warned Congress that if it temporarily repealed the 18.4-cent-a-gallon federal gasoline tax for the summer to offset skyrocketing pump prices, lawmakers will also have to postpone highway projects the taxes were meant to fund. A Republican-backed plan to temporarily stop collecting the tax has been offered as a way to defuse motorists' anger over soaring gasoline prices during the peak summer driving season.
July 24, 2000 |
The average price of gas fell 17 cents a gallon in the Midwest in the last two weeks, driving the nationwide average down by 6 cents a gallon to $1.60. The sharp drop in the Midwest resulted from the oil industry overcompensating in an attempt to bring price relief to that part of the country, said analyst Trilby Lundberg. Nationwide, prices at the pump continued to decline from their highs in early June, according to the Lundberg Survey of 10,000 stations.
June 26, 1995 |
Gasoline Prices Slip Nationwide: The per-gallon price fell nearly a penny in the past two weeks, the first drop in more than three months, an industry analyst said. The average price of gasoline, including all grades and taxes, was $1.277, according to the Los Angeles-based Lundberg Survey, which was taken Friday of 10,000 stations nationwide. That's down .89 cents from the last survey on June 9, analyst Trilby Lundberg said. "Prices nationally could slip a bit further," Lundberg said.
March 7, 2000 |
Get ready to pay $2 a gallon for gasoline. Retail gasoline prices in California and nationwide hit new highs Monday as the U.S. Energy Department released a gloomy forecast that pump prices around the country could approach $1.80 a gallon this summer even if OPEC decides to increase production of crude oil. In California--where self-serve regular unleaded gasoline has risen 11.5 cents in the last week to a record average of $1.63 a gallon--$1.80 may look cheap by June.
September 14, 1999 |
The average retail price of gasoline fell nearly 1 1/2 cents a gallon in the last week to $1.448 for regular self-serve unleaded, the Energy Information Administration said. The U.S. average rose almost a penny from the week before to $1.25 a gallon, the highest price in more than three years. Oil futures prices jumped to a 31-month high Monday at the New York Mercantile Exchange, closing at $24.21 a barrel, up 66 cents. A year ago, when oil futures were trading at about $14.
July 18, 2000
* The average price of gasoline in the U.S. fell nearly a nickel to $1.546 a gallon for self-serve regular, and the California average slipped nearly a penny to $1.72 a gallon, according to a weekly survey by the Energy Information Administration.