Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
AAA: U.S. retail gasoline market volatile
by Daniel J. Graeber
Washington (UPI) Jul 21, 2015


disclaimer: image is for illustration purposes only

A stable national retail average price for a gallon of gasoline is masking volatility in some U.S. sectors brought on by refinery issues, motor club AAA said.

The national average price for a gallon of gasoline Tuesday was $2.75 per gallon, about seven tenths of a percent lower than last week and 1.4 percent, or four cents, lower than one month ago.

AAA said the general stability masks an otherwise volatile retail market that saw prices pulled higher in part by ongoing spikes in California. The state average price in California for Tuesday was $3.87 per gallon of regular unleaded.

"Drivers in California are paying the highest averages since August 2014, largely due to imbalances between gasoline supply and demand," the motor club said in a weekly status report. "A lack of imports and the blending components used to make CARBOB, the state's mandated specialty fuel, are also reported to be dwindling and retail averages are expected to remain high."

In the Midwest, historically one of the more unpredictable markets for gasoline, prices are plummeting after a string of regional refinery outages resolve. Ohio's state average price of $2.60 per gallon Tuesday was more than 5 percent below the price one month ago.

As a whole, however, the national average price is nearly 25 percent lower, or about 82 cents less per gallon, than one year ago and is the lowest for this date in nearly five years.

Gasoline prices are tied strongly to crude oil prices, which continue trading lower because markets are flooded with oil in part because of gains in U.S. shale basins. Last week's nuclear deal with Iran means an eventual return of one of the largest producers from the Organization of Petroleum Exporting Countries.

"Although the timeline for the possible return and at what quantity remains in question, downward pressure is expected to remain on global oil prices as a result of the news," AAA said.


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
No contact with Iran, European gas pipeline group says
Baar, Switzerland (UPI) Jul 17, 2015
A consortium managing a pipeline designed as way to diversify the European natural gas sector said it hasn't made any contacts with potential Iranian suppliers. Iran may receive staged sanctions relief as a result of the breakthrough nuclear agreement brokered with the five permanent members of the U.N. Security Council and Germany. Energy companies BP and Shell both confirmed in respon ... read more


OIL AND GAS
Insects may be the answer to consumer demand for more protein

Ghana bans sale, movement of live poultry to stop bird flu spread

Potential of blue LEDs as novel chemical-free food preservation technology

3-D printers poised to have major implications for food manufacturing

OIL AND GAS
Spintronics just got faster

Graphene-based film can be used for efficient cooling of electronics

Dutch hi-tech group ASML post small Q2 income dip

Ultrafast spectroscopy used to examine magnetoresistance systems

OIL AND GAS
Asian fund offers 10,000 euros to buy Spanish airport

Boeing warns of aircraft issue after panel falls on Shanghai

Record-breaking Solar Impulse 2 grounded for 'several months'

Airbus DS enhances Eurofighter Typhoon

OIL AND GAS
New fuel-cell materials pave the way for practical hydrogen-powered cars

In Mexico City, once beloved 'Beetle' car nearly extinct

China's Uber-style taxi app raises $2 bn

A learning method for energy optimization of the plug-in hybrid electric bus

OIL AND GAS
Gold price sinks to 5-year low

Google adding 'buy' buttons to mobile search ads

China launches service to back Xi's Silk Road plan

Retail startup Jet.com set for takeoff next week

OIL AND GAS
Evolutionary trees reveal patterns of microbial diversification

Kidnappers free 12 loggers in Senegal's Casamance: army

Timber and construction, a well-matched couple

Rumors of southern pine deaths have been exaggerated

OIL AND GAS
China-Brazil earth resources satellite put into operation

Discovery of zebra stripes in space resolves 50-year mystery

India Launches EO Constellation for UK-China Project

Near-Earth space hosts Kelvin-Helmholtz waves

OIL AND GAS
Nanowires highly 'anelastic'

Ultra-thin, all-inorganic molecular nanowires successfully compounded

Superslippery islands (but then they get stuck)

New nanogenerator harvests power from rolling tires




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.