Space Industry and Business News  
OIL AND GAS
Average gas price hovers near $2 per gallon, lowest since 2009
by Ed Adamczyk
Washington (UPI) Dec 15, 2015


disclaimer: image is for illustration purposes only

The average national price of unleaded regular gasoline is poised to fall below the $2 per gallon threshold, AAA reported Tuesday.

At $2.013 per gallon, the average is the lowest price for gas in the United States since 2009, and 79 cents per gallon lower than the 2015 peak. The price has fallen on 33 of the past 38 days, and the average national price is down two cents per gallon from last week's price.

Retail averages are below $2 per gallon in South Carolina, Missouri and Kansas, each at $1.79 per gallon. The highest average prices can be found in Hawaii, at $2.75 per gallon, and in California, at $2.65 per gallon.

The U.S. benchmark for oil, West Texas Intermediate, closed Friday at $35.62 per barrel, a drop of 60 percent since June 2014 and a price not seen since the recession period of 2008-2009. Global supply of oil is significantly outpacing demand, a situation expected to last into the new year and keep gas prices on the decline. The price of gasoline generally tends to fall during winter months.

An expected increase in Federal Reserve interest rates would likely result in a stronger U.S. dollar, which would make oil, priced in dollars, a less attractive investment for those holding other currencies. The result would worsen the global oversupply of oil and keep oil and gas prices low.


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


.


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






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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

Previous Report
OIL AND GAS
Another day, another drop in oil prices
New York (UPI) Dec 14, 2015
Crude oil prices suffered another loss Monday, with Brent taking the biggest hit on the back of pessimistic spending forecasts from big energy companies. Crude oil prices are in the midst of one of the longest losing streaks since the middle of last year, when weakening first emerged. Crude oil prices are off about 40 percent from this time last year and nearly 65 percent below peak 201 ... read more


OIL AND GAS
PC steel wires on concrete and steel bridges now visible with terahertz waves

Physics of wrapping miniature droplets takes cue from street foods

Digital Globe to use Raytheon's Constellation Scheduling System

MIT chemists characterize a chemical state thought to be unobservable

OIL AND GAS
General Dynamics to provide communications for USAFCENT in Asia

U.S. Air Force awards Raytheon C-130 radio upgrade contract

L-3 Communications to sell National Security Solutions business to CACI

Intelsat General applies best defense is a good offense to prevent jamming

OIL AND GAS
Japan to launch X-ray astronomy satellite after 2 months

Russia Puts Military Satellite Into Orbit on December 13

GSDO review marks progress for KSC's modernization

India to launch 6 Singaporean satellites

OIL AND GAS
Soyuz in the zone Dec 17 Galileo GPS launch

Europe readies for satellite launch, moves closer to own satnav

Next 2 Galileo satellites get their "boost" for upcoming Soyuz launch

US Air Force General Blasts Raytheon's 'Disaster' GPS Control System

OIL AND GAS
China Southern Airlines orders 110 planes worth $10 bn from Boeing

Boeing delivers final Peace Eagle aircraft to Turkey

Orbital ATK secures patent for helicopter protection system

UK government blasted over London airport expansion delay

OIL AND GAS
Doped organic semiconductors explored

NIST adds to quantum computing toolkit with mixed-atom logic operations

Designer crystals for next-gen electronics

Building blocks for GaN power switches

OIL AND GAS
GOES-R: Launching in October 2016

NASA spots phytoplankton bloom in North Atlantic

Ames and Hera Systems Execute Licensing Agreement

Is That a Forest? That Depends on How You Define It

OIL AND GAS
Tehran's air pollution hits worst level in months

Surveillance secret weapon in China pollution struggle

As garbage mountains rise, Indonesian capital faces waste crisis

Beijing lifts smog red alert









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.