Subscribe free to our newsletters via your
. Earth Science News .




OIL AND GAS
AAA: Gas prices in steady decline
by Daniel J. Graeber
Washington (UPI) Aug 4, 2015


disclaimer: image is for illustration purposes only

A weakening market for crude oil and the resolution of U.S. refinery issues has pushed retail gasoline prices down for 20 days straight, motor club AAA found.

AAA reports a national average retail price for a gallon of regular unleaded at $2.64 per gallon, about one cent less than Monday and 5.4 cents, or 4.3 percent, less than one month ago.

AAA said most markets are seeing drops in gasoline prices that are mirroring the decline in crude oil prices, which are down more than 20 percent since July 1. Retail gasoline prices elevated somewhat during the July 4 holiday weekend, but AAA expects the opposite trend leading up to the Labor Day holiday in early September.

"Drivers are paying the lowest averages for this date since 2009, and today's national average represents a savings of 85 cents per gallon compared to this same date last year," the motor club said in a weekly price report. "The national average is now 15 cents per gallon lower than the 2015 peak price of $2.80 on June 15."

South Carolina posted the lowest state average for Tuesday with $2.26 for a gallon of regular unleaded gasoline.

AAA said it expects crude oil prices to stay low because of concerns about the slowdown in the Chinese economy and the expectations that more Iranian oil could enter the market as a result of last month's multilateral nuclear agreement.

"Weaker growth means lower than projected oil demand, which could further increase the glut in global petroleum supplies," 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




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





OIL AND GAS
Warren Buffett And Elon Musk To Spark A Lithium Boom
Washington DC (SPX) Aug 01, 2015
The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor's radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in ... read more


OIL AND GAS
Fukushima operator says 20 tons of rubble lifted from destroyed reactor

Top US general advises UN to improve peacekeeping

Pentagon asks armed 'citizen guards' to stand down

China escalator swallows toddler's mother: report

OIL AND GAS
Insights into catalytic converters

Radiation protection vest being investigated for use in space

Canada buying radar from Rheinmetall Canada and Elta Systems

New chemistry makes strong bonds weak

OIL AND GAS
Scientists track monster waves below the ocean surface

Past and present sea levels in the Chesapeake Bay Region, USA

Less Algae, Not Clearer Water, Keeps Tahoe Blue

Every rain cloud has a silver lining for parched UAE

OIL AND GAS
Mammoths killed by abrupt climate change

Greenland's Undercut Glaciers Melting Faster than Thought

Iceland protests five-nation fishing deal in Arctic

Cool summer of 2013 boosted Arctic sea ice

OIL AND GAS
How a kernel got naked and corn became king

Rice disease-resistance discovery closes the loop for scientific integrity

From building sites to cabbage patches in Spain's crisis

Trigger found for defense to rice disease

OIL AND GAS
The reasons behind increases in urban flooding

Earhquake rocks Colombia near Panama border

Scripps researchers map out trajectory of April 2015 earthquake in Nepal

At least 26 dead in flash floods in western India

OIL AND GAS
US envoy says 'patience has run out' over South Sudan

Burkina Faso on a tightrope ahead of key polls

Nigerian army frees dozens of women, children from Boko Haram

South Sudan mediators propose war crimes court

OIL AND GAS
It don't mean a thing if the brain ain't got that swing

Swipe right: dating apps change US courtship rituals

For dating apps in Asia, love by numbers or chaperone

4-year-olds don't care much for crummy prizes




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.