Space Industry and Business News  
OIL AND GAS
Relief finally coming at the pump
by Daniel J. Graeber
Washington (UPI) Oct 18, 2016


disclaimer: image is for illustration purposes only

Seasonal trends in retail prices may finally be taking hold in the U.S. gasoline market as prices drop for 10 straight days, motor club AAA said.

AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.24, slightly less than the previous day and the 10th straight day for a decline. The drop in price has been gradual, however, with the national average declining less than 1 percent from last week.

Retail gasoline prices typically decline after the Labor Day holiday in September as school returns to session and the summer travel season ends. By then, refineries are starting to make a winter blend of gasoline, which is less expensive to make because fewer environmental safeguards are needed during cooler months. Those two factors usually combine for low gasoline prices, though a series of refinery issues in the country and two hurricanes have kept prices from dropping.

"Prices continue to wobble as areas of the country impacted by Hurricane Matthew work to replenish supply and several refineries across the country address planned and unplanned facility maintenance," the motor club said in its weekly retail market report.

Some southern coastal states only recently recovered from Hurricane Hermine and outages associated with the Colonial pipeline. Brief port closures and transit obstacles brought on by flooding in the wake of Hurricane Matthew caused some issues for concerns along the Atlantic coast, though AAA said most of retail pressures have been minimal.

For Great Lakes states, the most volatile market in the country, an end to planned maintenance, and the resolution of unplanned outages at BP's refinery in Whiting, Ind., the region's largest, means consumers in that area have seen the largest declines in retail gasoline prices. Indiana saw the largest drop in prices from last week at 6 percent.

On the West coast, typically the most expensive market in the country, brief outages at a PBF refinery in California are over and the region is once again seeing relief at the pump.

In terms of market factors, AAA said prices for consumers are still under the influence of members of the Organization of Petroleum Exporting Countries and other major exporters who are considering a coordinated production scheme to influence crude oil prices. Oil prices account for the bulk of the price at the pump, though a price point of around $50 per barrel has held relatively stable over the last few trading sessions.


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
Natural gas hydrate in the foraminifera
Beijing, China (SPX) Oct 17, 2016
Natural gas hydrates are clathrate hydrates that consist of water molecules and natural gas molecules (major constituent: methane). They are mainly distributed along continental slopes of the oceans or permafrost regions on land. Highly saturated hydrate reservoirs may be ideal alternative energy resources, which makes them an important target area for the exploitation and utilization of natural ... read more


OIL AND GAS
Achieving ultra-low friction without oil additives

Beijing to merge chemicals giants

Scientists model anti-reflective surfaces after cicada wings

TES team evaluates new data collection method after age-related issue

OIL AND GAS
Arizona aerospace company wins $19M Navy satellite contract

Canada defence dept selects Newtec for first DVB-S2X Airborne Modem

TeleCommunications Systems continues USMC satellite services

SES unveils new tactical surveillance and communications solution

OIL AND GAS
Ariane 5 ready for first Galileo payload

Orbital ATK and Stratolaunch partner to offer competitive launch opportunities

Trusted Ariane 5 lays foundations for Ariane 6

ULA gets $860 million contract modification for expendable launch vehicle

OIL AND GAS
Australia's coordinates out by more than 1.5 metres: scientist

US Air Force awards Lockheed Martin $395M Contract for two GPS 3 satellites

SMC exercises contract options to procure two additional GPS III satellites

Lockheed gets $395 million GPS III Space Vehicle contract modification

OIL AND GAS
US claims trade victory over China over business jet tax

MH370 hunters to probe underwater objects: Australia

Poland plans new tender for helicopters after Airbus row

L-3 unit begins KC-10 tanker support

OIL AND GAS
Infrared brings to light nanoscale molecular arrangement

Researchers develop DNA-based single-electron electronic devices

Researchers use novel materials to build smallest transistor

Atomic sandwiches could make computers 100X greener

OIL AND GAS
Data improves hurricane forecasts, but uncertainties remain

NASA maps help gauge Italy earthquake damage

Magnetic oceans and electric Earth

DG's Basemap expanded to include 250M square kilometers at 30cm

OIL AND GAS
Scientists discover supramolecule could help reduce nuclear waste

Coffee-infused foam removes lead from contaminated water

Great Pacific Garbage Patch aerial survey yields bad news

Washing clothes releases 1000s of microplastic particles into environment









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.