Space Travel News  
OIL AND GAS
AAA: Low gas prices mask regional issues
by Daniel J. Graeber
Washington (UPI) Aug 2, 2016


disclaimer: image is for illustration purposes only

Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported.

The U.S. national average retail price for a gallon of regular unleaded gasoline at $2.12 is the lowest it's been in more than 100 days and the lowest for this date in more than a decade. The national average price has dropped for 51 of the past 52 days and is on average 3 cents less than this time last week.

In a weekly retail market report, AAA said low crude oil prices and low consumer demand are putting negative pressure on prices at the pump.

"While a record number of American motorists have hit the road for summer travel, sharply lower gas prices have not triggered the sharply higher gasoline demand that many analysts had anticipated," the report read.

At the regional issue, California, which was plagued last year by chronic refinery outages, is the only state in the nation with a retail gasoline price that's more than a dollar lower than last year. Alaska and Nevada are close behind with discounts of 86 cents and 77 cents, respectively. The lack of regional refinery issues in that market, AAA said, is in part behind the steady move lower for the national average.

The story is different in the Great Lakes region, where Michigan had the largest overnight spike last week at 3 cents, while Indiana had the largest weekly increase at 10 cents per gallon. Two refineries in Illinois and two in Ohio had unplanned outages, causing dramatic volatility in the Great Lakes states.

Nevertheless, regional supplies to refineries remain strong and AAA reports more than 40 percent of all retail gasoline stations in the country are posting prices below the $2 mark.

"With gasoline supplies high and oil prices low, pump prices are likely to remain relatively cheap through the remainder of the summer and into the fall," the report read.


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
Rouhani: Iran's post-sanctions era revolutionary
Tehran (UPI) Aug 1, 2016
With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country's independence. Iran celebrated Monday the 50th anniversary of a national gas company, a milestone that came roughly one year after the country signed a multilateral agreement to curb nuclear research activity in exchange for relief from some inter ... read more


OIL AND GAS
The rise of commercial spaceports

India earned Rs 230 crore through satellite launch services in FY16

US Plan to Diversify Expendable Space Launch Vehicles Being Questioned

Intelsat 33e arrives at the Spaceport for Arianespace's August launch with Ariane 5

OIL AND GAS
Digging deeper into Mars

NASA's Viking Data Lives on, Inspires 40 Years Later

Opportunity Rover wrapping up work within Marathon Valley

NASA Mars Rover Can Choose Laser Targets on Its Own

OIL AND GAS
Asteroid that formed moon's Imbrium Basin may have been protoplanet-sized

Russian and US engineers plan manned moon mission

SSTL and Goonhilly announce partnership and a call for lunar orbit payloads

Taiwan to make lunar lander for NASA moon-mining mission

OIL AND GAS
Scientists attempt to explain Neptune atmosphere's wobble

New Distant Dwarf Planet Beyond Neptune

Researchers discover distant dwarf planet beyond Neptune

New Horizons Receives Mission Extension to the Kuiper Belt

OIL AND GAS
Alien Solar System Boasts Tightly Spaced Planets, Unusual Orbits

First atmospheric study of Earth-sized exoplanets reveals rocky worlds

Atmospheric chemistry on paper

Surface Composition Determines Planet's Temperature and Habitability

OIL AND GAS
India Set to Test Domestically-Produced Scramjet Engine in Third Quarter

NASA completes first shell buckling tests with a bang

Reaction Engines secures funding to enable development of SABRE demonstrator engine

A Peek Inside SLS: Fuel Tank For World's Largest Rocket Nears Completion

OIL AND GAS
China commissions space tracking ship as new station readied

China's second space lab Tiangong-2 reaches launch center

Dutch Radio Antenna to Depart for Moon on Chinese Mission

Chinese Space Garbageman is not a Weapon

OIL AND GAS
Why are there so few large craters on dwarf planet Ceres?

Dawn Maps Ceres Craters Where Ice Can Accumulate

Rosetta Finale Set for 30 September

Elite Team to Consider New Approaches to Asteroid Danger









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.