Medical and Hospital News  
OIL AND GAS
Average U.S. gas prices decline for 21 consecutive days
by Allen Cone
Washington (UPI) Jan 31, 2017


disclaimer: image is for illustration purposes only

The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail analysis.

The national average for regular unleaded gas is $2.27 a gallon, which is 4 cents lower than one week ago and 5 cents less than a month ago, according to motor club AAA. GasBuddy also reported the average price at $2.27, down 2.8 cents from last week and 6.2 cents from the previous month.

Compared with one year ago, prices are 47 cents more per gallon, according to both sources.

The top four highest prices nationally remain on the West Coast, including in Hawaii ($3.07), California ($2.80), Alaska ($2.74) and Washington ($2.73), according to AAA.

AAA reports prices have remained stable in the West despite increased gasoline production and supply in California.

In the Northeast, gas prices were the highest in Pennsylvania at $2.57 (5th) and New York at $2.50 (8th).

In the central part of the country prices remain "flat," according to AAA, despite the shutdown of a pipeline owned by Magellan Midstream Partners last Wednesday after a section of the pipeline was leaking diesel fuel in Iowa. The biggest decline was in Ohio with an 11-cent decline in one week and 33 cents from a month ago. Michigan and Illinois each dropped 9 cents from last week.

Prices remain the lowest on the Gulf Coast, where most of the oil refiners are located in the United States. AAA said the lowest prices in the nation are in South and Southeast -- South Carolina ($2.04), Alabama ($2.07), Mississippi ($2.08), Texas ($2.10) and Arkansas ($2.11).

Baker Hughes reported that drillers added 15 rigs in the United States. The oil rig count stands at 556, the highest since November 2015. This compares with Organization of Petroleum Exporting Countries efforts to rebalance the global oil market.

Brent crude oil was up 51 cents a barrel at $55.74 before markets opened Tuesday in New York. U.S. light crude gained 57 cents to $53.20.

One year ago Brent crude was trading 1.78 percentage points lower and its 52-week high was $58.53 but the low was $38.04. For light crude, its 52-week high was $56.24 and the low was $38.10.

"End-of-month surveys of OPEC production cuts are expected tomorrow and traders will be paying close attention to the cartel's agreement compliance," AAA noted. "Market watchers will also keep a close eye on U.S. production and the impact it has on supply and demand."


Comment on this article using your Disqus, Facebook, Google or Twitter login.


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






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

Previous Report
OIL AND GAS
Kuwaitis seek roots in upmarket tents under the stars
Al-Julaia, Kuwait (AFP) Jan 31, 2017
Nostalgic for their Bedouin roots, Kuwaitis like Ahmad al-Shimmari are following in the footsteps of their desert-dwelling ancestors living in tents under the stars - but with a touch of modern luxury. The former oil sector employee and 15 other men, all relatives and friends, are sharing one of six tents in a camp set up by his extended family for the entire winter close to the border with ... read more


OIL AND GAS
Anguish and miracles: avalanche dramas captivate Italy

Haitians face deportation as 2010 quake reprieve expires

Archaeologists shed new light on collapse of Mayan civilization

Italy avalanche toll at 15 as helicopter crash adds to pain

OIL AND GAS
IAI debuts GPS anti-jamming system

New project to boost Sat Nav positioning accuracy anywhere in world

Russia to Construct Glonass Satellite Navigation Station in Nicaragua

Clocks 'failed' onboard Europe's navigation satellites: ESA

OIL AND GAS
Girls less likely to associate 'brilliance' with their own gender

Scientists find link between brain shape and personality

Study: Pueblo architects understand advanced geometry

Humans, not climate change, wiped out Australian megafauna

OIL AND GAS
Scientists identify earliest protein necessary for cell division

How insects decide to grow up

Insects and umami receptors

In African 'fairy circles,' a template for nature's many patterns

OIL AND GAS
Fears over bird flu in China after 9 deaths this year

Why Lyme disease is common in the north, rare in the south

China roast duck vendor dies of H7N9 bird flu: Xinhua

Study: Retroviruses are nearly 500 million years old

OIL AND GAS
Hong Kong leadership favourite testifies in corruption trial

Trump to ruffle feathers in Year of the Rooster

2016 baby bump after China relaxes one-child rule

China sentences former senior official to life term for graft

OIL AND GAS
OIL AND GAS








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.