Energy News  
OIL AND GAS
Refinery maintenance pushing gas prices high
by Daniel J. Graeber
Washington (UPI) Mar 29, 2016


disclaimer: image is for illustration purposes only

Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds.

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.04 for Tuesday, a slight increase from the previous day and nearly 3 percent, or about 6 cents, higher than one week ago.

Last week, the national average price moved to more than $2 for the first time this year as refiners started to conduct the routine maintenance necessary to switch to processing a summer blend of gasoline. That's resulted in less gasoline supplies, moving prices higher. During the spring, demand also increases as more drivers look to break cabin fever by hitting the road.

"The combination of the above factors generally contributes to rising prices at the pump, leading into the busy summer driving season," the motor club said in a weekly retail market report.

Crude oil prices, which account for the bulk of the price consumers pay for gasoline, have been relatively stable, holding near the $40 mark for most of March. Markets have seesawed on talks of a potential meeting in April between the Organization of Petroleum Exporting Countries and other major producers on holding output steady at January levels to stabilize the market. AAA said in its report that most market analysts are skeptical about the outcome of the deal.

"As crude oil prices fell gently last week back under $40 per barrel, motorists shouldn't necessarily expect the worst increases to be over just yet," Patrick DeHaan, a senior analyst with consumer price watchdog GasBuddy, said in a separate emailed statement. "Until the bulk of refinery maintenance season wraps up in late May, we likely won't see the lower oil prices immediately bring relief to the pump as oil and gasoline inventories continue to move in the opposite direction."

The price for Brent crude oil, the global benchmark, was around $39.57 per barrel early Tuesday.

New Jersey has the lowest state average price in the nation at $1.84 per gallon. The national average price, meanwhile, is 15 percent, or 38 cents, less than this date in 2015.


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
Seven million Americans threatened by human-induced quakes
Washington (AFP) March 28, 2016
Around seven million people in the United States live in areas at risk of damaging, human-induced earthquakes that are often linked to fracking, a report out Monday said. Because the US Geological Survey is including the human-triggered earthquakes on its forecast maps for the first time, the odds of damaging shaking in certain parts of the country is much increased for 2016, it said. Th ... read more


OIL AND GAS
Russia Prepared to Offer Launch Options for Morocco's Satellite

Jason-3 Begins Mapping Oceans, Sees Ongoing El Nino

Satellites to help check unauthorised construction at monuments

Improving farm and water management with DMC constellation

OIL AND GAS
ISRO Developing 'Front-End Chip' for Satellite Navigation System

India to Launch Sixth Navigational Satellite on Thursday

Lockheed Martin building next generation of military GPS satellites

Traffic app says not at fault for Israel troops losing way

OIL AND GAS
Drought alters recovery of Rocky Mountain forests after fire

Recycling pecan wood for commercial growing substrates

China's forest recovery shows hope for mitigating global climate change

No logging at protected Tasmanian forest: Australia

OIL AND GAS
ORNL invents tougher plastic with 50 percent renewable content

Dung, offal make clean gas at Costa Rica slaughterhouse

The flexible way to greater energy yield

Smaller, cheaper microbial fuel cells turn urine into electricity

OIL AND GAS
Solar fuels: A refined protective layer for the 'artificial leaf'

New ORNL method could unleash solar power potential

Creditors give Spanish energy giant Abengoa seven months' grace

Australia invests $760 million in technologies to fight climate change

OIL AND GAS
Momentum building behind U.S. wind energy

Developing nations became top investors in renewables in 2015: UN

Statoil testing battery storage for wind energy

Small-scale wind energy on the rise

OIL AND GAS
China mine accident kills 19: Xinhua

Coal fading from U.S. energy landscape

Chinese coal miners strike over wages, layoffs

U.S. coal exports on the decline; As JPMorgan sounds warning

OIL AND GAS
'Missing' bookseller Lee Bo returned to Hong Kong: officials

Waisting time: paper-thin campaign raises questions in China

Self-destruction and harsh realities at Art Basel Hong Kong

Missing Chinese journalist has been detained: lawyer









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.