Subscribe free to our newsletters via your




OIL AND GAS
Gas prices start edging lower
by Daniel J. Graeber
Washington (UPI) Jun 23, 2015


disclaimer: image is for illustration purposes only

The price for a gallon of regular unleaded gasoline in the United States is edging lower as wholesale prices decline and refinery issues ebb, surveys find.

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.79, about a penny less than last week. An increase in demand, which in part was driven by lower prices at the pump, along with refinery issues led to a steady rise in gasoline prices nationwide.

Tuesday's price is about 5 cents higher than one month ago. Around half of all retail fueling stations in the country were selling gasoline at or below the $2 per gallon mark earlier this year.

"Pump prices in recent days have stabilized or even dropped in many areas as refineries solve productions issues," AAA said in a weekly review of market trends. "Gasoline production typically increases this time of year in anticipation of summer demand, and high profit margins should incentivize refineries to produce more gasoline in the near future, which may help lower gas prices."

South Carolina's state average of $2.48 was the lowest among Lower 48 states. California's was the highest at $3.48 per gallon, followed by Nevada with $3.21.

Patrick DeHaan, a senior analyst with price-watching group GasBuddy, attributed the decline in gasoline prices to a drop in wholesale prices.

"A slightly surprising build in gasoline inventories per the weekly Energy Information Administration seemed to start a selloff in markets that's still unfolding, leading to relief at the pump for many," he said in a statement.

EIA said in a market report for June it expected retail prices to average $2.44 for full-year 2015 and $2.55 for next year.


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




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





OIL AND GAS
Lundin reshuffles executive lineup
Stockholm, Sweden (UPI) Jun 22, 2015
Swedish energy company Lundin Petroleum said Monday it would appoint new talent to lead the company as it charts a long term strategy for growth. "I have decided to step-down from my executive position with Lundin Petroleum at a time when the company is well positioned for its next phase of growth," outgoing President and Chief Executive Officer Ashley Heppenstall said in a statement. / ... read more


OIL AND GAS
Malaysia says committed to MH370 hunt despite ship pull-out

Nepal quake leaves remote villages cut off as rains begin

Long, hard road for Nepal's disabled quake survivors

Escaped tiger kills man in Georgia

OIL AND GAS
Russia Begins Mass Production of Glonass-K1 Navigation Satellites

Russia, China Plan to Equip Commercial Trucks With Glonass, BeiDou

GLONASS to Go on Stream in 2015

Satellites make a load of difference to bridge safety

OIL AND GAS
Stone tools from Jordan point to dawn of division of labor

Cell density remains constant as brain shrinks with age

Manuela's Madrid: a pretty, gritty city

Technology offers bird's-eye view of foreclosure affects on landscape

OIL AND GAS
Worms have an electromagnetic sensor in their brain

Hundreds arrested in global crackdown on wildlife contraband

Small molecules change biological clock rhythm

We are entering a 'golden age' of animal tracking

OIL AND GAS
MERS sparks mask rush in Asia, but are they effective?

Activists struggle to replace state in fight with Russian AIDS epidemic

US anthrax samples shipped to Japan in 2005: Pentagon

Virus evolution and human behavior shape global patterns of flu movement

OIL AND GAS
China anti-discrimination group protests 'arrest' of staff

China 'Hogwarts' students embrace ancient tradition at graduation

China's Panchen Lama meets Xi, calls for 'national unity'

How the mighty are fallen: selfies and smiles in Zhou village

OIL AND GAS
Malaysian navy shadows tanker, urges hijackers to give up

Polish bootcamp trains security contractors for mission impossible

A blast and gunfire: Mexico's chopper battle

OIL AND GAS
China manufacturing activity contracts in June: HSBC

Researchers trawl public data for signs of corruption

HSBC unveils radical overhaul to axe up to 50,000 jobs

China economy shows more weakness as imports, exports fall




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.