Subscribe free to our newsletters via your
. Space Travel News .

AAA: U.S. retail gasoline market volatile
by Daniel J. Graeber
Washington (UPI) Jul 21, 2015

disclaimer: image is for illustration purposes only

A stable national retail average price for a gallon of gasoline is masking volatility in some U.S. sectors brought on by refinery issues, motor club AAA said.

The national average price for a gallon of gasoline Tuesday was $2.75 per gallon, about seven tenths of a percent lower than last week and 1.4 percent, or four cents, lower than one month ago.

AAA said the general stability masks an otherwise volatile retail market that saw prices pulled higher in part by ongoing spikes in California. The state average price in California for Tuesday was $3.87 per gallon of regular unleaded.

"Drivers in California are paying the highest averages since August 2014, largely due to imbalances between gasoline supply and demand," the motor club said in a weekly status report. "A lack of imports and the blending components used to make CARBOB, the state's mandated specialty fuel, are also reported to be dwindling and retail averages are expected to remain high."

In the Midwest, historically one of the more unpredictable markets for gasoline, prices are plummeting after a string of regional refinery outages resolve. Ohio's state average price of $2.60 per gallon Tuesday was more than 5 percent below the price one month ago.

As a whole, however, the national average price is nearly 25 percent lower, or about 82 cents less per gallon, than one year ago and is the lowest for this date in nearly five years.

Gasoline prices are tied strongly to crude oil prices, which continue trading lower because markets are flooded with oil in part because of gains in U.S. shale basins. Last week's nuclear deal with Iran means an eventual return of one of the largest producers from the Organization of Petroleum Exporting Countries.

"Although the timeline for the possible return and at what quantity remains in question, downward pressure is expected to remain on global oil prices as a result of the news," AAA said.

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

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

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

No contact with Iran, European gas pipeline group says
Baar, Switzerland (UPI) Jul 17, 2015
A consortium managing a pipeline designed as way to diversify the European natural gas sector said it hasn't made any contacts with potential Iranian suppliers. Iran may receive staged sanctions relief as a result of the breakthrough nuclear agreement brokered with the five permanent members of the U.N. Security Council and Germany. Energy companies BP and Shell both confirmed in respon ... read more

30 launches planned in next three fiscals: ISRO chief

Baikonur Cosmodrome to Be Equipped With Viewing Platforms

India to launch its heaviest commercial mission to date

Final payload integration begins for next Ariane 5 launch

Curiosity rover finds evidence of Mars' primitive continental crust

Never Get Lost on Mars Again With NASA's New Red Planet Map

Opportunity Rover's 7th Mars Winter to Include New Study Area

Opportunity Gets Back to Work

Russia to Land Space Vessel on Moon's Polar Region in 2019

Moon engulfed in permanent, lopsided dust cloud

Crashing comets may explain mysterious lunar swirls

Google Lunar X-Prize meets Yoda

10 year journey to Pluto achieves historic encounter

US spacecraft survives close encounter with Pluto

US spacecraft sending back data for Pluto close-up

Last Portrait of Pluto's Puzzling Spots

Bricks to build an Earth found in every planetary system

Observing the birth of a planet

Precise ages of largest number of stars hosting planets ever measured

Can Planets Be Rejuvenated Around Dead Stars?

Engineers help NASA fine-tune new Space Launch System

String of cargo disasters puts pressure on space industry

US Space Command warns on overly fast Russian rocket engine phase out

Longest SLS Engine Test Yet Heats Up Summer Sky

Chinese earth station is for exclusively scientific and civilian purposes

Cooperation in satellite technology put Belgium, China to forefront

China set to bolster space, polar security

China's super "eye" to speed up space rendezvous

Summer School radar obs shine new light on near-Earth asteroid

Philae phones home for the eight time

Rosetta spacecraft sees sinkholes on comet

Million-mile journey to an asteroid begins for ASU-built instrument

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.