Space Industry and Business News  
OIL AND GAS
U.S. gas prices relatively low and stable
by Daniel J. Graeber
Washington (UPI) Jun 21, 2016


disclaimer: image is for illustration purposes only

With short-term supply disruptions easing, U.S. commuters this summer can expect some of the lowest gas prices in more than a decade, AAA said.

The motor club reports a national average retail price for a gallon of regular unleaded gasoline at $2.33 for Tuesday, about 2 percent lower than last week. Tuesday marks the 10th consecutive day for declines in retail gasoline prices.

Prices spiked from May because of oil supply disruptions brought on by wildfires in Canada, the top oil exporter to the United States. Retail markets in the Midwest, meanwhile, are skewing the national average higher because of a series of pipeline and refinery issues.

Michigan, which is the fifth most expensive market in the country, extended an energy emergency to mid July because of refinery and pipeline issues. Three of the Great Lakes states, including Michigan, are ranked among the 10 most expensive markets in the country.

On the whole, AAA reports gasoline prices tend to spike during summer months because of travel plans by vacationers. Higher demand from those travelers usually puts strains on supply, though the motor club said in its weekly retail market report that refineries were more or less keeping up.

"Unlike many recent years, supply appears to be meeting the growing demand and as a result prices have held relatively steady and markedly lower than one year ago," the report read.

Summer gasoline prices, AAA said, should be at or near their lowest level since 2005. A short-term market report from the federal Energy Information Administration forecasts a 2016 average price at $2.13 per gallon, the least expensive in years.

With Canadian oil out of the wildfire threat, the supply-side pressures have eased and, despite concerns about British membership in the European Union, markets have been volatile, but steady over the mid-term. Crude oil prices are up about 1.7 percent since June 1, even with a 4 percent rally in prices last week.

South Carolina had the lowest state average price at the pump at $2.03 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
BP moving fast on Egyptian gas
Cairo (UPI) Jun 20, 2016
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Gas Holding Co., sanctioned a fast-track scheme to bring 300 million cubic feet of natural gas per day to the domestic Egyptian market from the deepwater Atoll development by the first half of 2018. "BP i ... read more


OIL AND GAS
Cereal science: How scientists inverted the Cheerios effect

New approach to microlasers

Oregon chemists build a new, stable open-shell molecule

Neutrons reveal unexpected magnetism in rare-earth alloy

OIL AND GAS
Saab debuts Giraffe 1X antenna at Eurosatory

Thales debuts new Synaps combat radio system

Air Force receives Rockwell Collins receivers

UK Looking to Design Next-Gen Military Satellites

OIL AND GAS
Launch Vehicle Ascent Trajectories and Sequencing

MUOS-5 satellite encapsulated for launch

Airbus Safran Launchers confirms the maturity of the Ariane 6 launcher

Russian Proton-M Rocket Puts US Intelsat DLA-2 Satellite Into Orbit

OIL AND GAS
Russian Glonass-M satellite reaches target orbit

And yet it moves: 14 Galileo satellites now in orbit

Arianespace continues the momentum for Europe's Galileo program on its latest Soyuz flight

China to launch 30 Beidou navigation satellites in next 5 years

OIL AND GAS
Malaysia to host meeting on MH370 search plans

Modular, Adjustable: A Test Plane for Any Occasion

NASA highlights research in X-Planes and more at Aviation 2016

American Systems providing Air Force test and evaluation services

OIL AND GAS
World-first pinpointing of atoms at work for quantum computers

Analogue quantum computation digitized using superconducting circuits

Spintronics: Resetting the future of heat assisted magnetic recording

ASML microchips to buy Taiwan's HMI for 2.7 bn euros

OIL AND GAS
Stanford researchers calculate groundwater levels from satellite data

Rust under pressure could explain deep Earth anomalies

Helping satellites be right as rain

China's first high orbit remote sensing satellite put into use

OIL AND GAS
Indonesia lashes out at Singapore in new haze row

How 'super organisms' evolve in response to toxic environments

Knowledge of chemical munitions dumped at sea expands from international collaboration

China probes school playing fields after kids sickened









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.