Space Travel News  
OIL AND GAS
Gas prices inching lower after hurricanes
by Daniel J. Graeber
Washington (UPI) Oct 10, 2017


Even though 90 percent of the oil production in the Gulf of Mexico was idled by Hurricane Nate, U.S. motorists will hardly notice, motor club AAA said.

Nate made landfall twice during the weekend, roughly one month after Hurricane Harvey dealt a blow to the dense networks of refineries in the southern United States. Harvey's impact led to unseasonal spikes at the gas pump, though motor club AAA said in a weekly retail market report that Nate spared most of the energy sector.

"Gas prices have fallen steadily for the past four weeks and now we are seeing gasoline demand drop alongside prices," AAA spokesperson Jeanette Casselano said in a statement. "The latest demand figures show the lowest since the week Hurricane Harvey hit and can likely be the beginning of a downward demand trend indicating even cheaper gas prices to come this fall."

Any of the refineries closed as a precaution ahead of Nate are working back up by now and AAA said gasoline inventory levels in the southern states hit by Harvey are increasing for the first time since landfall.

AAA posts a national average price for regular unleaded gasoline at $2.49 per gallon, a slight decrease from Monday. Gas prices spiked at $2.69 on Sept. 11.

The Great Lakes region remains the most volatile market in the country. AAA said the 10 cent, or 4 percent, drop in gas prices in Michigan was the largest in the country on the week. Regional inventories for gasoline also dropped significantly, but remain on par with last year's levels.

All states counted in the West Coast market are in the Top 10 for highest gas prices in the country, but those prices are also the least volatile. AAA said that's because gasoline inventory levels are, at worst, steady.

The decline in gas prices also follows a decline in crude oil prices for most of October, which hints at a return to seasonal norms. The federal government said it expected gas prices to be around $2.40 for most of the month and drop to $2.23 per gallon by December.

OIL AND GAS
Liquefied natural gas may carve out a niche in India
Washington (UPI) Oct 9, 2017
Liquefied natural gas could help satisfy growing energy demands in India, especially if commodity prices continue to improve, Wood Mackenzie found. In its October forecast, the Reserve Bank of India predicted inflation would hold steady at 4.5 percent through 2019 and real gross value added growth, the grand total of all revenues, should increase from 6.7 percent through 2018 to 7.4 per ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


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


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
Lockheed Martin Reveals New Details to its Mars Base Camp Vision

Methane belches kept water flowing on ancient Mars

Lockheed Martin unveils reusable water-powered Mars lander

SpaceX's Musk unveils plan to reach Mars by 2022

OIL AND GAS
Chinese moon missions delayed by rocket failure: report

Moon village the first stop to Mars: ESA

Russian space agency, NASA agree to co-build lunar-orbit space station

NASA, Roscosmos Sign Joint Statement on Researching, Exploring Deep Space

OIL AND GAS
Helicopter test for Jupiter icy moons radar

Solving the Mystery of Pluto's Giant Blades of Ice

Global Aerospace Corporation to present Pluto lander concept to NASA

Pluto features given first official names

OIL AND GAS
MATISSE to Shed Light on the Formation of Earth and Planets

Glenn Tests Thruster Bound for Metal World

Searching for Distant Worlds With a Flying Telescope

Scientists propose new concept of terrestrial planet formation

OIL AND GAS
Arianespace to launch COSMO-SkyMed satellites manufactured by Thales

New Zealand opens first rocket launch site

Arianespace signs contract for 10 Vega and Vega C launchers

Launch Vehicle and Missile Ascent Trajectories

OIL AND GAS
Mars probe to carry 13 types of payload on 2020 mission

UN official commends China's role in space cooperation

China's cargo spacecraft separates from Tiangong-2 space lab

Work on China's mission to Mars 'well underway'

OIL AND GAS
Studies of 'Crater Capital' in the Baltics Show Impactful History

Unexpected Surprise: A Final Image from Rosetta

Hubble Observes the Farthest Active Inbound Comet Yet Seen

NASA's Near-Earth Asteroid CubeSat Goes Full Sail









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.