Latest news with #Energy Information Administration
Yahoo
2 days ago
- Automotive
- Yahoo
Gas prices in Massachusetts essentially unchanged from last week
State gas prices for the second consecutive week and reached an average of $3.00 per gallon of regular fuel on Monday, approximately the same as last week's price, according to the U.S. Energy Information Administration. The average fuel price in state rose about 6 cents since last month. According to the EIA, gas prices across the state in the last year have been as low as $2.88 on April 14, 2025, and as high as $3.50 on July 8, 2024. A year ago, the average gas price in Massachusetts was 14% higher at $3.50 per gallon. >> INTERACTIVE: See how your area's gas prices have changed over the years at . The average gas price in the United States last week was $3.13, making prices in the state about 4.2% lower than the nation's average. The average national gas price is essentially unchanged from last week's average of $3.12 per gallon. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the U.S. Energy Information Administration. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on The Herald News: Massachusetts gas prices essentially unchanged from last week: See how much here Solve the daily Crossword
Argaam
4 days ago
- Business
- Argaam
US crude oil, gas reserves fall for 1st time in 3 years
US proved reserves of crude oil and lease condensate totaled 46 billion barrels at the end of 2023, a 3.9% decline from the previous year's record, the Energy Information Administration (EIA) said in a recent report. Moreover, US proved reserves of natural gas fell to 603.6 trillion cubic feet, a 12.6% decline from their 2022 record. Both declines marked the first annual drop in US proved reserves since 2020. Prices heavily affected estimates of proved reserves, EIA added. Despite the decline in reserves, oil production rose by 7.8% in 2023, while natural gas output increased by 3.4% year-on-year. North Dakota's crude oil and lease condensate reserves decreased 12.3%, or 611 million barrels, from 2022, the largest annual net decline reported among all states. Alaska's natural gas proved reserves decreased 22.7%, the largest annual net decline (28.5 trillion cubic feet) among all states in 2023. Proved reserves are operator estimates of the volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and operating conditions.
Yahoo
5 days ago
- Automotive
- Yahoo
Average price for gallon of gas in Massachusetts holds steady. What the statistics show
State gas prices for the second consecutive week reached an average of $3.00 per gallon of regular fuel on Monday, approximately the same as last week's price, according to the U.S. Energy Information Administration. The average fuel price in state rose about 6 cents since last month. According to the EIA, gas prices across the state in the last year have been as low as $2.88 on April 14, 2025, and as high as $3.50 on July 8, 2024. A year ago, the average gas price in Massachusetts was 14% higher at $3.50 per gallon. >> INTERACTIVE: See how your area's gas prices have changed over the years at . The average gas price in the United States last week was $3.13, making prices in the state about 4.2% lower than the nation's average. The average national gas price is essentially unchanged from last week's average of $3.12 per gallon. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the U.S. Energy Information Administration. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on The Patriot Ledger: Bay State drivers paying about 14% less for gas compared to last year Solve the daily Crossword
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
U.S. Crude Oil Inventories Post Weekly Draw
U.S. crude oil inventories fell last week amid a rise in exports, reversing some of the large stock builds seen the previous two weeks, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.9 million barrels to 422.2 million barrels in the week ended July 11, and were about 8% below the five-year average for the time of year, the EIA said. Analysts surveyed by The Wall Street Journal had expected crude stockpiles to be unchanged.
