Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Gas prices start edging lower
by Daniel J. Graeber
Washington (UPI) Jun 23, 2015


disclaimer: image is for illustration purposes only

The price for a gallon of regular unleaded gasoline in the United States is edging lower as wholesale prices decline and refinery issues ebb, surveys find.

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.79, about a penny less than last week. An increase in demand, which in part was driven by lower prices at the pump, along with refinery issues led to a steady rise in gasoline prices nationwide.

Tuesday's price is about 5 cents higher than one month ago. Around half of all retail fueling stations in the country were selling gasoline at or below the $2 per gallon mark earlier this year.

"Pump prices in recent days have stabilized or even dropped in many areas as refineries solve productions issues," AAA said in a weekly review of market trends. "Gasoline production typically increases this time of year in anticipation of summer demand, and high profit margins should incentivize refineries to produce more gasoline in the near future, which may help lower gas prices."

South Carolina's state average of $2.48 was the lowest among Lower 48 states. California's was the highest at $3.48 per gallon, followed by Nevada with $3.21.

Patrick DeHaan, a senior analyst with price-watching group GasBuddy, attributed the decline in gasoline prices to a drop in wholesale prices.

"A slightly surprising build in gasoline inventories per the weekly Energy Information Administration seemed to start a selloff in markets that's still unfolding, leading to relief at the pump for many," he said in a statement.

EIA said in a market report for June it expected retail prices to average $2.44 for full-year 2015 and $2.55 for next year.


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




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





OIL AND GAS
Lundin reshuffles executive lineup
Stockholm, Sweden (UPI) Jun 22, 2015
Swedish energy company Lundin Petroleum said Monday it would appoint new talent to lead the company as it charts a long term strategy for growth. "I have decided to step-down from my executive position with Lundin Petroleum at a time when the company is well positioned for its next phase of growth," outgoing President and Chief Executive Officer Ashley Heppenstall said in a statement. / ... read more


OIL AND GAS
Video game titans get back in stride at E3

Robot to 3D-print steel canal bridge in Amsterdam

University of Cincinnati, industry partners develop low-cost, 'tunable' window tintings

Radar system approved for allies

OIL AND GAS
US nuclear bombers lack satellite terminals for emergencies

New USAF satellites to use updated spacecraft

Harris providing Australia with support for radio system

US Navy accepts third LMC-Built MUOS comsat

OIL AND GAS
Garvey Spacecraft selects Pacific Spaceport Complex

Sentinel-2A satellite ready for Launch from Kourou

Arianespace restructure signals major changes in company governance

NASA issues RFP for New Class of Launch Services

OIL AND GAS
Russia Begins Mass Production of Glonass-K1 Navigation Satellites

Russia, China Plan to Equip Commercial Trucks With Glonass, BeiDou

GLONASS to Go on Stream in 2015

Satellites make a load of difference to bridge safety

OIL AND GAS
Green love-in at Paris Air Show but weaker sales

Jacobs Engineering continues work on Australian F-35 bases

France says India to seal deal on Rafale jets in '2 to 3 months'

UTC to rid itself of Sikorsky Aircraft

OIL AND GAS
New boron compounds for organic light-emitting diodes

Exploiting the extraordinary properties of a new semiconductor

Futuristic components on silicon chips, fabricated successfully

New chip makes testing for antibiotic-resistant bacteria faster, easier

OIL AND GAS
EOMAP provides shallow water bathymetry for the South China Sea

New calculations to improve CO2 monitoring from space

BlackSky Global reveals plan to image Earth in near real-time

NASA Releases Detailed Global Climate Change Projections

OIL AND GAS
Scientists help public avoid health risks of toxic blue-green algae

Light pollution threatens the Balearic shearwater

New tool better protects beachgoers from harmful bacteria levels

Ocean garbage scoop study to start off Japan coast




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - 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. 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 All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.