The price has dropped by more than a dollar per gallon since peaking in mid-June.
gas prices
Posted inBusiness, Maine
Maine’s gas prices fall, but remain higher than national average
There is no clear reason why Maine’s average price is about 40 cents higher than the national average of $3.99, but several industry experts said the Northeast generally has higher gas prices than the rest of the nation.
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Posted inBusiness, Nation / World, News
Oil companies see unprecedented profits as consumer prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
Posted inBusiness, Nation / World, News
U.S. gasoline prices fall to 2-month low with pump pain easing
The nationwide average was at $4.495 a gallon, according to data released on Tuesday by the American Automobile Association.
Posted inBusiness, Maine, News
Gas prices decline, but experts unsure if the trend will continue
The average price of regular gasoline in Maine is down 32 cents a gallon from its June peak, with York County reporting the lowest countywide average.
Posted inBusiness
Here’s what a pause in the gas tax would mean for prices at the pump
The president wants to give drivers a break from gas taxes. Will it help bring down soaring prices?
Posted inBusiness, Nation / World
Why Maine gas prices are slightly higher than the national average
Spiking gas prices have weighed on motorists in every state this year, but the burden has not been evenly distributed.
Posted inBusiness, Nation / World, Politics
Here is how Biden’s proposed gas tax holiday would work
If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up.
Posted inBusiness, Nation / World, News
Biden calls for three-month suspension of gasoline, diesel taxes
The president’s push faces uphill odds in Congress, which must act in order to suspend the taxes, and where many lawmakers, including some in his own party, have expressed reservations.
Posted inBusiness, Nation / World, News
Biden says decision on gas tax holiday may come this week
The administration is increasingly looking for ways to spare Americans from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February.