Gas prices had a wild ride this year, making 2023 tough to predict | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

US drivers have never seen a year quite like 2022

Wild price swings at the gas pump throughout the year make predicting prices for 2023 even more difficult. Russia’s invasion of Ukraine and the sanctions that it sparked on Russian oil sent the price of crude soaring in February at the beginning of the conflict. And even though relatively little Russian crude oil was ever exported to US refineries, the fact that oil prices are set on global commodity markets meant that US drivers were not spared a spike in gas prices.

While relatively few US drivers use diesel for their private cars, it is still the fuel used by most heavy trucks, so it had an impact on the average American’s wallet. Most trucking companies charge a fuel surcharge to their customers when diesel prices increase. Because virtually all goods purchased by Americans are on a truck at some point before those purchases, that was a factor driving inflation higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You gotta love how we complain about gas prices, but never consider public transportation as a way to combat high gas prices.

No it's easy to predict. If Joe Biden is in office the price of gas will go up.

Biden took on big oil and lost miserably

Fake news! No shortage of gas in 2022! There were miles long lines and shortage of gas in the mid-70s! In 2022 ppl complained (complaining is the American thing), filled the tank to the top and drove every single mile they were used to!

The USA has been divided by worldview, Soros has a large share in supporting leftist organizations but also the right-wing ones from the mainstream media, I am from Poland and we also have a right-wing party that governs from Soros

Media censors this story why? CNN watches on as a father sells his nine-year-old daughter to a 55-year-old pedophile. 'My father has sold me because we don't have bread, rice and flour,' the girl says. 'He has sold me to an old man.' This is Joe Biden's legacy in Afghanistan

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia's Lithium Export Earnings Expected To Exceed $16 Billion In 2022–2023Australia’s Lithium Export Earnings Expected To Exceed $16 Billion In 2022–2023
Source: cleantechnica - 🏆 565. / 51 Read more »

2022 was tough for media stocks like Netflix and Disney, and 2023 doesn't look good, eitherNetflix, Disney, Paramount and others lost billions in market value in 2022 as streaming subscriber growth slowed and the ad market tightened. it is very easy to clean the lint on your clothes👇😂 Someone explain to this mealy mouthed CNBC criminal boiler room carnival barker because it’s all Fake News, CNBC being one of the worst High demand for outdated movies, we have all seen 1,0000 times. Like Jurassic Park and Die Hard.
Source: CNBC - 🏆 12. / 72 Read more »