Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Gas prices could go up, AAA says
by Daniel J. Graeber
Washington (UPI) Jul 7, 2015


disclaimer: image is for illustration purposes only

Though retail gasoline prices are holding steady, motor club AAA said an increase in consumer demand could lead to further spikes through August.

The national average retail price for Tuesday was $2.76 for a gallon of regular unleaded gasoline, down a fraction of a percent from Monday and relatively unchanged from one month ago. Motor club AAA said that, though some regional refinery issues caused price spikes, notably in the Great Lakes region, many consumers saw gas prices drop in time for the long July 4 holiday weekend.

Last July, AAA said gas prices declined in the United States for all but one day for a total drop of 16 cents per gallon. Gasoline prices on this date in 2014, however, were $3.65 per gallon.

A weak market for crude oil has contributed to some of the overall decline in retail gasoline prices year-on-year. AAA finds average consumers are saving hundreds of dollars per month because of lower prices at the pump.

Crude oil prices are dropping as the status of Greek debt issues and Iranian nuclear negotiations weigh on market sentiments. Though prices at the pump have drifted lower along with oil, AAA said the future for gasoline is less than certain.

"Consumer demand for gasoline typically climbs during July and August, and the ability of supply to keep pace with growing demand can directly impact the price at the pump," the motor club said in a weekly status report.

The U.S. Energy Information Administration 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. AAA said a weak forecast for crude oil prices could provide a governor on any major surges in gasoline prices, though potential hurricanes in the Atlantic could cause seasonal refinery issues.

"AAA still expects drivers to pay averages below $3 per gallon for the rest of the year," the motor club 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








OIL AND GAS
French businesses hoping to beat the rush back into Iran
Vienna (AFP) July 4, 2015
Since the start of tortuous nuclear negotiations with Iran, France has been seen as taking the toughest stand. Now as a deal nears, Paris must be ready to dash in and grab a slice of long untapped market. "The first repercussions of any deal will be the opening of the Iranian market. That's what all the Western countries are waiting for," a top western diplomat said recently. "They are j ... read more


OIL AND GAS
Rapid authentication of edible oils and screening of gutter oils

Firefighters forced to kill 20 million bees escaped from truck crash

The secret weapons of cabbages: Overcome by butterfly co-evolution

Genetic study of 'co-evolution' could provide clues to better food production

OIL AND GAS
Silver may hold key to electronics advances

With 300 kilometers per second to new electronics

Biomanufacturing of CdS quantum dots

KAIST team develops the first flexible phase-change random access memory

OIL AND GAS
Solar Impulse 2 pilot becomes aviation legend

Airbus and Mahindra to make military choppers in India

US military on defensive over F-35 fighter jet

Australia orders airborne refueling tankers

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

Physical study may give boost to hydrogen cars

Researchers build mini Jeep that turns tire friction into energy

Digital messages on vehicle windshields make driving less safe

OIL AND GAS
Beijing names preferred chief for China-led bank

Steel firms warn of massive Mexico layoffs

France woos Chinese investors as PM wraps up fruitful trip

China and France say tie-up in emerging economies 'win-win'

OIL AND GAS
Can pollution help trees fight infection?

In Beirut, a green paradise off-limits to Lebanese

Some forestlands cool climate better without trees

Lax rules put Congo's forests, key carbon reserve, at risk

OIL AND GAS
Oregon experiments open window on landscape formation

Sentinel-2A completes critical first days in space

Beijing Quadrupled in Size in a Decade

A New Era of Space Collaboration between Australia and US

OIL AND GAS
Soft core, hard shell -- the latest in nanotechnology

Ultrafast heat conduction can manipulate nanoscale magnets

MIPT physicists develop ultrasensitive nanomechanical biosensor

A new way to image surfaces on the nanoscale




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.