Space Industry and Business News  
OIL AND GAS
U.S. gas prices move toward seasonal high
by Daniel J. Graeber
Washington (UPI) Mar 22, 2016


disclaimer: image is for illustration purposes only

U.S. refinery issues and recovery for oil prices means retail gasoline prices are closing in on their highest levels since December, market analysis finds.

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $1.98 per gallon for Tuesday, steady from the previous day but 4 cents higher than last week and 27 cents, or 16 percent, higher than one month ago.

According to AAA, it's the second straight week for increases in prices at the pump. The motor club said the onset of spring coincides with a period when refineries are conducting maintenance as they ready to prepare a summer blend of gasoline, which because of additional environmental safeguards is more expensive to make.

"These factors typically lead to higher gas prices this time of year and have helped push prices higher in recent weeks," the motor club said in a weekly retail market report.

Regionally, Exxon Mobile's refinery in Torrance, Calif., suffered a power outage and is offline in terms of gasoline production. The refinery produces about 10 percent of California's gasoline and already has been operating at a lowered capacity for more than a year.

Retail price watchdog GasBuddy said in a separate emailed report the price increases for gasoline have moved slower than expected, though it forecasts the average retail price for gas will soon break through the $2 per gallon mark.

Crude oil prices, which account for the bulk of the price at the pump, have leveled out at around $40 per barrel after twice dipping below $30 per barrel in early 2016. Positive pressure could emerge for oil prices as major oil-producing states meet in April in Doha to consider a freeze to output levels.

New Jersey has the lowest state average price in the nation at $1.73 per gallon.


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
Hydrocarbon storage, fracking and lightning risk
London, UK (SPX) Mar 21, 2016
Fires caused by lightning strikes on hydrocarbon storage plants are a century-old, yet to be addressed, problem, according to research published in the International Journal of Forensic Engineering. In the era of hydraulic fracturing, or fracking, this is becoming an even more poignant issue for the fossil fuel industry. Sterling Rooke of X8 Inc in Crofton, Maryland, and Miroslaw Skibniews ... read more


OIL AND GAS
Cornell engineers unveil self-healing, morphing metal

New electrode for ion concentration analysis

Laser beams with a 'twist'

A foldable material that can change size, volume and shape

OIL AND GAS
In-orbit delivery of Laos' 1st satellite launched

Upgrade set for Britain's tactical communications system

Airbus continues operating German military satellites

BAE Systems supports Navy communications and electronics

OIL AND GAS
Launch of Dragon Spacecraft to ISS Postponed Until April

ILS and INMARSAT Agree To Future Proton Launch

Soyuz 2-1B Carrier Rocket Launched From Baikonur

ISRO launches PSLV C32, India's sixth navigation satellite

OIL AND GAS
ISRO Developing 'Front-End Chip' for Satellite Navigation System

India to Launch Sixth Navigational Satellite on Thursday

Lockheed Martin building next generation of military GPS satellites

Traffic app says not at fault for Israel troops losing way

OIL AND GAS
Canadian Coast Guard receives final Bell 429 helicopter

Space keeps us safe as air travel rises

Lockheed Martin delivers KC-130J refuelers to Saudi Arabia

Second CH-53K helicopter enters testing program

OIL AND GAS
Overlooked resistance may inflate estimates of organic-semicon performance

Quantum computer factors numbers, could be scaled up

Spinning better electronic devices

Artificial control of exciplexes opens possibilities for new electronics

OIL AND GAS
Russia Prepared to Offer Launch Options for Morocco's Satellite

Jason-3 Begins Mapping Oceans, Sees Ongoing El Nino

Satellites to help check unauthorised construction at monuments

Improving farm and water management with DMC constellation

OIL AND GAS
Mercury rising?

'Chemical Chernobyl': activists say toxic dump threatens St. Petersburg

Mexico City lifts air pollution alert

Pigeon patrol deployed to measure London air pollution









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.