Medical and Hospital News  
OIL AND GAS
Regional markets show variability for U.S. gasoline prices
by Daniel J. Graeber
Washington (UPI) May 24, 2016


disclaimer: image is for illustration purposes only

Higher fuel production in the western United States and refinery issues in the Midwest make for two different retail scenarios, market analysis finds.

Motor club AAA reports that retail gasoline prices are the highest they've been so far this year ahead of the long Memorial Day holiday weekend and the national average price at the pump has gone up for 13 consecutive days. The average national retail price for a gallon of regular unleaded gasoline for Tuesday was $2.29, an increase of nearly 3 percent from one week ago and up 7 percent, or 16 cents, from this time last month.

On a national level, much of the increase at the pump may be attributed to higher seasonal demand for fuel products.

"Nearly 34 million people, or 89 percent of all holiday travelers, will drive to their Memorial Day destinations, an increase of 2.1 percent over last year," the motor club said in a weekly retail snapshot.

On a regional level, the story varies. On the West Coast, gasoline production is holding steady while inventory levels indicate a market surplus. The price for gasoline in California, which is typically among the highest in the nation, is up just 1 percent from last month. Four western states and Hawaii lead the nation in year-on-year declines for retail gasoline prices.

Midwest states, meanwhile, lead the nation in terms of increases in retail prices as fires near oil production facilities in Canada put supply-side pressures on the retail market ahead of the long holiday weekend. Michigan gas prices are up 12 percent, or 27 cents, from one month ago. Midwest markets are pressured further because of outages at two BP refineries in the area.

Meanwhile, on the East Coast, a fire at a refinery complex in Philadelphia means that, at $2.45 per gallon, Pennsylvania has some of the highest gasoline prices in the nation.

For crude oil prices, which heavily influence gasoline prices, a rally sparked in part by outages in Canada and militant threats in Nigeria has faded as a stronger U.S. dollar and global demand weaken, though oil prices are up about 5 percent for the month.

Mississippi has the lowest state average in the nation at $2.05 per gallon.


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

Previous Report
OIL AND GAS
Statoil cancels Norwegian Sea rig contract
Stavanger, Norway (UPI) May 23, 2016
Norwegian energy company Statoil said it canceled relocation plans for a drilling rig from Canada to the Norwegian Sea following field delay decisions. Statoil canceled its lease contract with rig company Seadrill for the West Hercules platform, deployed for the past 18 months for an exploration campaign off the coast of Newfoundland and set for relocation to the Aasta Hansteen field of ... read more


OIL AND GAS
Libya coastguard intercepts 850 migrants: navy

Artist Ai Weiwei says Gaza key part of refugee crisis

Belgian prisons 'like North Korea' as strike crisis hits

Nepal's quake recovery costs up by a quarter

OIL AND GAS
Russian Armed Forces Use Glonass Satellites for Aiming in Syria

Payload integration begins for Arianespace's next Soyuz mission with Galileo spacecraft

Russia's Glonass system to get 8 more satellites by end of 2017

Galileo satellites fuelled for flight

OIL AND GAS
From Israel's army to Hollywood: the meteoric rise of Krav Maga

New evidence that humans settled in southeastern US far earlier than previously believed

Climate change may have contributed to extinction of Neanderthals

Drawing the genetic history of Ice Age Eurasian populations

OIL AND GAS
Why do animals hide their warning signals? A paradox explained

Plants are 'biting' back

Proton-conducting material found in electrosensory organs of sharks

Maize genome 'dark matter' discovery a boon for breeders

OIL AND GAS
NASA Helps Forecast Zika Risk

Cellphone-sized device quickly detects the Ebola virus

Threat of novel swine flu viruses in pigs and humans

TGen tracks the origins and spread of potentially deadly Valley Fever

OIL AND GAS
For Allah, China and Marx: theological mix for young imams

Top China official says Hong Kong autonomy will be preserved

China's Xi calls for Marxism and intellectual loyalty

Pavement glued down in Hong Kong for China official visit

OIL AND GAS
Indonesia frees vessel captured by suspected pirates: navy

Founder of online underworld bank gets 20 years in prison

Colombia authorizes air strikes against criminal gangs

New force raids El Salvador gang districts

OIL AND GAS
G7 warns over global economy as currency row flares

Global growth tops agenda as G7 meeting kicks off in Japan

Currency wars, fiscal stimulus rift in focus at G7 meeting

Chinese pouring billions into US real estate: study









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.