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The Latest Breaking News from Gas Prices

Norway hits export record amid soaring gas prices

Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices

The Independent UK

Beach Energy cashed up for gas expansion

Oil and gas company Beach Energy has posted increased earnings and cashflow on rising gas prices and high demand as it prepares to enter the global LNG market.

AAP

Explainer: Why gas prices are falling

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

The Independent UK

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Missouri’s average gas price falls to $3.62

As of August 10, Missouri’s average gas price according to AAA was $3.62 for regular gas, which was below the national average of $4.01. Gas prices fell from the previous week’s average of $3.79 and were below the July average of $4.41. On August 10, 2021, the state’s average price…

Ballotpedia

Gas prices drop below $4 a gallon. These factors will determine what happens next

The national average price of gasoline has fallen below $4 a gallon. These are four key factors that could determine what happens next with prices at the pump.

WEKU

Oil Ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

Use of domestic gas instead of imported fuel will bring down the cost of raw material and ease CNG and PNG rates, officials said.

The Hindu

Gas prices drop under $4 a gallon

Retail gas prices have fallen almost everywhere, with the Midwest and South seeing some of the steepest drops.

Axios

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Gas users and experts call for federal crackdown on east coast 'gas cartel'

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

ABC News

Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July

Prices for food and housing continued to rise but were offset by lower gas and energy prices.

Reason

Is inflation finally on the decline in the US? It’s complicated

Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s next

The Guardian - US

Inflation slows a bit in July. Has it finally peaked?

WASHINGTON — After months of steadily climbing to a 40-year high, the pace of inflation slowed notably in July as gas prices fell sharply and Americans got some relief on the cost of clothing, cars and other necessities.

Los Angeles Times

US inflation falls to 8.5% in July but still close to multi-decade high

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

The Guardian - US

Inflation is cooling thanks to gas prices, but many things still cost a lot more

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

WEKU

3 Energy Stocks to Buy on the Dip

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

StockNews.com

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The Independent UK

US inflation will likely stay high even as gas prices fall

Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months

Los Angeles Times

Southern California gas prices are falling fast. But how long can it last?

Southern California drivers are getting more relief at the gas pump, with the average cost of a gallon of regular gas in Los Angeles County slipping below $5.50.

The Guardian - UK

Inside Somalia’s vicious cycle of deforestation for charcoal

As gas prices rise Somalis are turning to the affordable energy source, driving unsustainable logging – as al-Shabaab condemns but profits from the trade

WEKU

Gas prices are finally dropping. Here are 4 things to know

The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.

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The Independent UK

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

The Times of India

PNG prices up but CNG rates left intact to retain edge over frozen diesel, petrol prices

NEW DELHI: Indraprastha Gas Ltd on Friday raised PNG (piped natural gas) rates in the capital and neighbouring cities by Rs 2.63 per unit to partially pass on the impact of rising natural gas prices but left CNG (compressed natural gas) rates unchanged at Rs 75.61 per kg.

The Times of India

Indraprastha raises gas prices in Delhi-NCR for second time in 2 weeks

NEW DELHI: Gas distribution company Indraprastha Gas has raised prices for piped cooking gas by Rs 2.63 per unit to Rs 50.59, the second hike in less than two weeks.

Tribune News Service

New York nonprofits serving disabled adults struggling with food, fuel costs as inflation surges

NEW YORK — A nationwide surge in food and gas prices has hit particularly hard for some nonprofits serving vulnerable New Yorkers.

WEKU

The Bank of England predicts a lengthy recession at the end of the year

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

Ballotpedia

Missouri’s average gas price falls to $3.79

As of August 3, Missouri’s average gas price according to AAA was $3.79 for regular gas, which was below the national average of $4.16. Gas prices fell from the previous week’s average of $3.97 and were below the June average of $4.53. On August 3, 2021, the state’s average price…

The Times of India

Adani Total Gas reports flat net profit for Q1

NEW DELHI: Adani Total Gas Ltd on Thursday reported a flat net profit for June quarter as higher gas prices ate into increased CNG and piped cooking gas sales volumes.

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