Space Travel News  
OIL AND GAS
U.S. gas prices stable despite market headwinds
by Daniel J. Graeber
Washington DC (UPI) May 16, 2017


U.S. retail gasoline prices continued to move in the favor of consumers over the last week despite increases in oil prices and demand, AAA found.

The motor club reported a national average retail price for a gallon of regular unleaded gasoline at $2.34 for Tuesday, a fraction of a cent less than the previous day, about a penny less than last week and 7 cents, or 3 percent, less than one month ago.

Prices at the pump tend to climb as seasonal demand weighs on inventories. A summer blend of gasoline, which is more expensive to make because of the additional steps needed to prevent evaporation in warmer months, also works against consumers, though AAA reported relative stability so far.

"In coming weeks, the onset of summer travel is likely to increase demand which might help dip into high gasoline stocks," its weekly retail market report read. "However, it may not be enough demand to increase prices significantly."

The West Coast remains the most expensive market in the country, though California's $2.98 per gallon average is relatively unchanged from recent weeks. AAA said the gasoline inventories are "unseasonably high," though work at two California refineries could cause an increase in what consumers pay for gas in the coming weeks.

Reflecting the anomalies in a market known for unpredictability, the Great Lakes states were among the few posting increases in gasoline prices despite a glut of gasoline stocks. Indiana led the region with a 9 cent, or 4 percent, spike in retail gas prices over last week. This comes even though the region holds 2 million barrels more gasoline than it did this time last year.

The price of crude oil, meanwhile, is up more than 10 percent from last week and that usually would create a spike in prices at the pump. Saudi Arabia and Russia are in favor of extending an arrangement to keep supplies in check through early 2018 and that's made for a bullish market sentiment for oil.

"The expected result of OPEC's actions is far from certain," AAA's report read. "Until it is, drivers may continue to benefit at the pump -- even during the typically more expensive summer driving season."

OIL AND GAS
After energy warning, Myanmar gets EU assistance
Washington DC (UPI) May 15, 2017
More than $13 million in humanitarian assistance is on hand for Myanmar, the EU said, one week after a warning that energy security threatened its development. The European Union put $13.1 million forward to address humanitarian issues in Myanmar. Christos Stylianides, the European commissioner for humanitarian aid, said after a visit to the conflict-torn northern state of Rakhine that ... 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
Seasonal Flows in Valles Marineris

NASA Rover Curiosity Samples Active Linear Dune on Mars

Is Anything Tough Enough to Survive on Mars

Japan aims to uncover how moons of Mars formed

OIL AND GAS
Printing bricks from moondust using the Sun's heat

NASA selects ASU's ShadowCam for moon mission

Russia, US Ready to Give You a Lift to Moon Orbit, ISS

Swedish Institute of Space Physics goes back to the Moon

OIL AND GAS
Not So Great Anymore: Jupiter's Red Spot Shrinks to Smallest Size Ever

The PI's Perspective: No Sleeping Back on Earth!

ALMA investigates 'DeeDee,' a distant, dim member of our solar system

Nap Time for New Horizons

OIL AND GAS
Taking the pulse of an ocean world

When a brown dwarf is actually a planetary mass object

Lasers shed light on the inner workings of the giant larvacean

First SETI Institute Fellows Announced

OIL AND GAS
First Contract under Booster Propulsion Technology Maturation BAA Complete

GSLV Successfully Launches South Asia Satellite

ISRO Successfully Launches GSAT-9 'SAARC' South Asian Communication Satellite

Reaction Engines begins construction of UK rocket engine test facility

OIL AND GAS
China to conduct several manned space flights around 2020

Reach for the Stars: China Plans to Ramp Up Space Flight Activity

China's cargo spacecraft completes in-orbit refueling

China courts international coalition set up to promote space cooperation

OIL AND GAS
Caltech: Chemical Engineer Explains Oxygen Mystery on Comets

Falkland Islands basin shows signs of being among world's largest craters

Chemical engineer explains why comets expel oxygen

Ancient meteorite impact sparked long-lived volcanic eruptions on Earth









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.