Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
AAA: 1M more people expected to travel for Memorial Day this year
by Daniel J. Graeber
Washington (UPI) May 17, 2017


Though gas prices are up about 5 percent from last year, motor club AAA finds U.S. road traffic during the Memorial Day weekend will be heavier than last year.

AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.34 for Wednesday, relatively unchanged from last week but 11 cents, or about 5 percent, higher than this date in 2016.

The motor club said Wednesday it expects 39.3 million people in the United States will travel more than 50 miles from home during the long holiday week, 1 million more than last year. If forecasts are accurate, it would be the busiest Memorial Day for travel in 12 years.

Nearly 90 percent of all holiday travelers will take to the roads, a 2.4 increase from last year.

Though low by historical standards, retail gasoline prices for this time of year are the highest in two years, according to AAA. The highest national average was recorded in July 2008 at $4.11 per gallon.

High is a relative term for gasoline prices. The average price for the four years ending in 2014 was more than $3 per gallon. Bill Sutherland, a senior vice president for travel at AAA, added that consumers have more money for travel given the modest gains in the U.S. economy.

"Higher confidence has led to more consumer spending, and many Americans are choosing to allocate their extra money on travel this Memorial Day," he said.

U.S. labor figures show steady gains in employment, though wages are relatively stagnant and some consumer price indices are higher than last year.

In a weekly retail market report, AAA said the summer travel season, characterized as a period between April and September, should lead to higher demand for gasoline and push up prices at the pump, though demand won't be strong enough to eat into national supplies and push gas prices to $3 per gallon for the national average.

A federal report from last week estimated gas prices will average $2.39 for the summer driving seasons, compared with $2.23 last year.

OIL AND GAS
RBC: Iran is the oil wild card
Washington DC (UPI) May 16, 2017
With presidential elections coming Friday, and an assertive U.S. president in play, Iran is the wild card in the global crude oil game, analysis found. Iranian President Hassan Rouhani leads in a race to secure a second term, though his closest rival, conservative cleric Ibrahim Raisi, has the tacit support of Ayatollah Ali Khamenei, the country's supreme leader. As was the case ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Genome sequence of fuel-producing alga announced

New breakthrough makes it easier to turn old coffee waste into cleaner biofuels

Enhancing the efficiency of cereal straw for biofuel production

Biomass powering U.S. military base

OIL AND GAS
Solar power not a favorite for New Zealand

Atomic-scale study could pave the way for better, longer-lasting solar cells

Next-gen solar cells could be improved by atomic-scale redesign

Installing solar to combat national security risks in the power grid

OIL AND GAS
Scientists track porpoises to assess impact of offshore wind farms

Dutch open 'world's largest offshore' wind farm

OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania

Building Energy celebrates the beginning of operations and electricity generation of its first wind farm

OIL AND GAS
South Africa to restart nuclear power plans

Tunnel collapse at US nuclear site raises safety concerns

Tunnel collapses at US nuke site, no radiation leak

Plutonium research to aid nuclear cleanup techniques

OIL AND GAS
Rising temperatures threaten stability of Tibetan alpine grasslands

Tillerson: Trump will not rush US climate policy review

Shelf sediments reveal climate shifts through the eons

Trump delays decision on Paris climate deal

OIL AND GAS
Judge seeks criminal review of Uber-Alphabet dispute

South Korea building world's largest test site for self-driving cars

Judge blesses $1 bn compensation deal in VW diesel case

Experiments show that a few self-driving cars can dramatically improve traffic flow

OIL AND GAS
Jihadists snaring starving civilians in Mosul death trap

Iraq forces launch anti-IS push in western desert

IS attack on Kurdish base in Iraq kills two

Iraq forces advance in west Mosul

OIL AND GAS
N. Korea says 'new missile' can carry nuclear warhead

New S.Korean president talks to China, Japan leaders

South Koreans vote in historic election

CIA forms special unit focused on North Korea threat




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement