for the first time in nine weeks, data from the American Automobile Association (AAA) showed. The price of U.S. gasoline averaged more than $5 a gallon for the first time ever on July 11, but since then prices have come down, as overall supply has increased and U.S. demand has moderated to some extent, in part due to higher rates. read more The White House has tried a number of efforts to reduce prices, including a release of 180 million barrels of oil from the nation’s strategic reserves designed to flood the market with supply. read more While that has worked partly, prices have remained somewhat elevated due to tightness in refining capacity worldwide. Retail prices follow the trend in wholesale gasoline futures, which have been falling at a […]