Commodities Corner: OPEC dashes hopes for much lower U.S. gasoline prices this summer

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The summer driving season isn’t over yet, but gasoline prices at the pump are already declining, with the potential to drop 10% or more from current prices before the year is done......»»

The summer driving season has just begun, but gasoline prices at the pump may be ready to drop following steep declines in the price of crude oil......»»

U.S. drivers can expect to pay much higher prices at the pump this summer than last, as prices for crude-oil climb, according to the Energy Information Administration’s Summer Fuels Outlook report released Tuesday......»»

Average U.S. gasoline prices at the pump have already climbed to levels not seen since late 2014, but could rise to $3 a gallon or more this summer......»»

With the summer driving season drawing to a close with the Labor Day weekend, motorist group AAA forecasts a sizable drop in prices for gasoline at the pump......»»

U.S. gasoline prices topped $3 a gallon on Wednesday for the first time in about six-and-a-half years --- and it wasn't because of the Colonial Pipeline shutdown, according to GasBuddy......»»

After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year, but prices still have room to run higher even if the global economy continues to recover and the pandemic moves closer to an end......»»

Gold started the new year on a sour note, with prices settling lower for the first month of 2021. But many analysts are confident that the longer-term outlook remains promising for the precious metal......»»

Gold started the new year on a sour note, with prices trading lower for the first month of 2021. But many analysts are confident that the longer-term outlook remains promising for the precious metal......»»

Some U.S. states have seen gasoline prices at the pump drop to their lowest levels in more than a decade as travel restrictions aimed to stem the spread of the coronavirus pandemic continue to hurt demand for fuel......»»

U.S. stock index futures edged lower on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on hopes of sweeping production cuts......»»

Corn prices could drop to their lowest levels in more than a decade as coronavirus-related weakness in demand for gasoline pushes the cost of ethanol toward record lows......»»

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Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies......»»

Oil prices recently fell to a three-month low, and U.S. benchmark crude is on track to suffer a loss of nearly 15% in January as coronavirus intensifies the impact of seasonal weakness in the market, raising prospects for lower fuel prices......»»

Concerns about a slowdown in global oil demand are a key to why oil prices stayed in check Friday, despite a decision by major oil producers to cut additional barrels from their production quotas in January......»»

Oil prices edged higher Tuesday amid hopes that trade talks between China and the U.S. will ultimately result in a deal that sustains global economic growth and energy demand while OPEC restrains production......»»

Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal......»»