US EditionGas Prices Fall During Summer Travel Season
- Oil firms announced a rollback of fuel prices in Manila on July 7, reducing gasoline, diesel, and kerosene prices starting July 8.
- The rollback followed softened global oil prices due to eased supply concerns after an Israel-Iran ceasefire and OPEC+ plans to raise production.
- Meanwhile, in the U.S., national gasoline prices fell five cents to $3.14 per gallon on July 7, with diesel also decreasing slightly, supported by steady crude oil prices.
- AAA reported that more than 61 million motorists traveled for the Independence Day weekend despite lower prices, with New York gas prices dropping modestly by one to five cents per gallon.
- The price decreases provide temporary relief but only partially offset late June increases, and trade uncertainties could cause future price rebounds in Manila and elsewhere.
11 Articles
11 Articles
Gasoline prices mixed across Mid-Hudson Valley
KINGSTON, N.Y. — Gasoline prices were mixed across the Mid-Hudson Valley last week, with some places seeing declines, some remaining nearly flat, and others where it got more expensive, according to GasBuddy.com The average prices of a gallon of gas in Ulster County fell 3.8 cents to $3.14, which was still 15.6 cents higher than a month ago. In Dutchess County, prices remained nearly level, inching down 0.6 cents to $3.21, or 11 cents higher tha…
Gasoline prices decline for 2nd straight week
(UPDATE) FUEL prices went down for the second straight week on Tuesday as the global oil market reacted to the de-escalation of tensions between Israel and Iran, and recent announcements of major oil producers increasing their output.The per-liter price of gasoline was rolled back by 70 centavos, diesel by 10 centavos, and kerosene by 80 centavos.Last week, the price of gasoline was slashed by P1.40 per liter, diesel by P1.80, and kerosene by P2…
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