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Summer gas prices rising: How high will they go?

Published

1 year ago

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When the warm weather arrives so does pain at the pump in the form of much higher gas prices.

Currently, gas prices heading into the summer season are rising—so, how high will they go?

 
U.S. oil and gas production continues to rise with output reaching nearly 10% in the first three months of 2023, when compared with the same period last year.

Gas prices at the pump rarely reflect that particular day’s market conditions; however, they do represent costs acquired from previous weeks.

That lag tends to make prices rise at a slower pace and in turn slower to fall than reported in daily headlines.

While filling up at the pump might not be cheap right now—it is a bargain when compared to last summer’s fuel nightmare when gas prices were racing toward $5 a gallon, angering many Americans, threatening the economy and even alarming central banks.

The nationwide average for gas remains $1.18 per gallon higher today than when President Biden took office.

Bloomberg’s Senior Oil and Gas Analyst Fernando Valle joins to to discuss.

#FernandoValle #gas #gasprices #summer #veronicadudo #oil #uspolitics

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Leaders

Niche accountants proving essential to e-commerce success

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6 hours ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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10 hours ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Leaders

Israeli claims airstrikes have killed two successors to Hezbollah’s slain leader

Published

11 hours ago

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October 9, 2024

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The update comes as Israel expands its ground offensive against the Iran-backed group with a fourth army division deployed into south Lebanon.

Israel Prime Minister Benjamin Netanyahu spoke in a video released by his office hours after the deputy leader of Hezbollah left the door open to a negotiated ceasefire, reports Reuters

Israel’s military said on Tuesday that heavy air strikes against underground Hezbollah installations in southern Lebanon over the prior 24 hours killed at least 50 fighters including six sector commanders and regional officials. #featured #trending

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