![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Washington (UPI) Apr 25, 2017
The price for a gallon of gasoline in the United States is on the increase and could move higher as summer demand figures into market metrics, analysis finds. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.42, relatively unchanged from last week, but 13 cents higher than one month ago. Refiners are moving forward with a summer blend of gasoline, which is more expensive to make because of the additional environmental safeguards needed in warmer months. Coupled with the expected rise in demand, AAA said it expects gas prices to move steadily higher. "As gas prices continue to reach new heights and hit an all-time high for the year, the summer demand has not kicked in, meaning consumers can expect the price at the pump to continue to rise for coming weeks," it said in a weekly retail market report. Last week, industry data released from the American Petroleum Institute showed gasoline deliveries, an indication of demand, was the second highest for any March on record. Demand and the shift in refinery operations already may be reflected in the West Coast, which remains the most expensive market in the country. The state average price of $3.01 per gallon in California is 1 percent higher than last month, compared with a 5.5 percent monthly increase nationally. The Great Lakes market remains the most volatile in the country, with Ohio and Indiana posting some of the largest increases in gas prices from last week, at 7 cents and 4 cents per gallon, respectively. Michigan ranks No. 12 in the country for states with the highest gas prices with an average of $2.52 per gallon. The motor club said market trends for crude oil prices, which account for the bulk of what consumers pay at the pump, could be a leveling factor despite the increases expected from demand. U.S. exploration and production activity is on the rise, which is offsetting the production ceiling by the Organization of Petroleum Exporting Countries. Crude oil prices traded in negative territory Monday, with the price for Brent crude oil moving down toward the psychological benchmark of $50 per barrel.
![]() Washington (UPI) Apr 25, 2017 Leaders from the European Union said Tuesday they welcomed Georgia, a former Soviet republic, as the latest member of the European energy community. All 89 members of the Georgian Parliament ratified an agreement Monday to align energy policies with the European Union. "The Energy Community welcomes Georgia's accession and the commitment for approximating Georgia's energy sector ... read more Related Links All About Oil and Gas News at OilGasDaily.com
![]()
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |