National Average Diesel Price Per Gallon: $3.27 Concern over oil under-supply continues as sanctions on Iran threaten to reduce supply by 1 million barrels per day. According to J.P. Morgan, a spike in oil prices to $90 per barrel is likely in the coming months. But even though Iran’s oil output has …
National Average Diesel Price Per Gallon: $3.27 Global oil supply hit a record high in August. Supply topped out at 100 million barrels per day despite falling production in Venezuela and Iran, two of the world’s top oil producers. Higher output from countries like Nigeria, Saudi Arabia, Libya, and Iraq made up …
National Average Price Per Gallon: $3.26 The Trump administration’s Iran sanctions are set to go into effect in November. Some analysts predict that oil prices will then rise to over $100 per barrel – a level not seen since 2014. “Now the sanctions threat is real and less than two months …
National Average Price Per Gallon: $3.25 Motorists this Labor Day weekend paid the most expensive gas prices since 2014. Prices were 20 cents higher than last year. But despite the holiday weekend price jump, prices were actually low compared to previous years. “We’re talking about gas prices just a penny above …
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