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DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

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The average annual price of gasoline has fluctuated greatly over the past several decades, but when adjusted for inflation (constant dollars), the price of gasoline in 2019 was only nine cents higher than in 1929, according to the US Department of Energy (DOE). Note: Retail price includes Federal and State Taxes.

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Average price of new light trucks in 2019 was 43% higher than average price of new cars

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Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Price data are adjusted for inflation (constant 2019 dollars). Light trucks include classes 1-3.

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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

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Rowe Price Associates, Inc. billion since 2019. Rowe Price Associates, Inc. Rowe Price Associates, Inc. In February 2019, Rivian announced a $700-million funding round led by Amazon. In February 2019, Rivian announced a $700-million funding round led by Amazon. Rowe Price Associates, Inc.

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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). In 2019, US crude oil production averaged 12.3 million barrels per day (b/d).

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Recent trends in gasoline prices

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This brief note analyzes the changes in the price of gasoline during the first 13 weeks of 2020 and compares them with the changes during the first 13 weeks of 2019. The raw data (the average retail price of regular gasoline) came from the U.S. Indeed, during the same time period in 2019, gasoline prices increased by 20.3%.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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in 2019 based on preliminary energy and economic data. All told, net US GHG emissions ended 2019 slightly higher than at the end of 2016. Based on a combination of monthly data from the Energy Information Administration and daily data from Genscape, Rhodium estimates that coal-fired power generation fell by 18% in 2019.

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EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

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million b/d from 2019. million b/d—surpassing 2019 levels. million b/d (12%) from 2019 consumption. million b/d (12%) from 2019 consumption. million b/d in 2022, which would surpass the 2019 level. US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal,

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