Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
AAA: Gas prices may have peaked
by Daniel J. Graeber
Washington (UPI) Jun 9, 2015


disclaimer: image is for illustration purposes only

The national average retail price for a gallon of regular unleaded gasoline in the United States is likely near its yearly peak, motor club AAA said.

AAA reports a national average price for a gallon of gasoline at around $2.74, a slight decrease from Monday but nearly 3 percent, or roughly 10 cents, more than one month ago. The current national average has held steady for the better part of the week.

"The national average price for regular unleaded gasoline has remained steady over the past week and continues to hover near at what many expect to be the highest average of the year," the motor club said in its weekly status report.

Drivers in Midwest states have suffered the most because of limitations are regional refineries that produce gasoline. The U.S. Energy Department said in a weekly petroleum report last week that Midwest gasoline production was the lowest it's been since March.

For California, AAA said "a surge in imports" has helped offset refinery issues on the West Coast, making the Golden State the only one in the country to see prices at the pump fall dramatically.

The motor club said crude oil prices, and thereby gasoline prices, are likely to fall in response to last week's decisions from members of the Organization of Petroleum Exporting Countries.

"Gas prices likely are poised for a seasonal decline given that refineries generally complete maintenance by this time of year and gear up production for the busy summer driving season," AAA said. "In addition, the cost of crude oil is unlikely to rise significantly in the near term given that OPEC decided not to cut production at its most recent meeting."

This summer, AAA said, may be the cheapest for gas prices since 2009.


Thanks for being here;
We need your help. The Space Media 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.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork 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
Angolan president heads to China as low oil price bites
Luanda (AFP) June 8, 2015
Angolan President Jose Eduardo dos Santos headed on Monday for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices. Dos Santos, who has ruled since 1979, only makes rare trips abroad from the former Portuguese colony, which remains one of the world's poorest countries despite its natural resources. ... read more


OIL AND GAS
US Defense Department to deploy radar in alaska to protect Pacific coast

Northrop's battle command system brings down ballistic missile target

US Aegis Ships Could Pose Threat to Russia

US, NATO Have 'No Plans' to Place Missile Defense Systems in Ukraine

OIL AND GAS
Navy orders more Raytheon SM-6 air defense missiles

Indian Air Force jet test fires Harpoon missile

N. Korea leader hails 'miracle' missile test

Seoul Divided on Proposed THAAD Introduction

OIL AND GAS
Military Sensor Optics For UAVs

Insect mating behavior has lessons for drones

Europeans eye joint development of UAV

X-37B Mysteries Continue

OIL AND GAS
Continued Momentum for Commercial Satellite Acquisition Reform

IOC status for upgraded French AWACS aircraft

Russian Radio-Electronic Forces to Conduct Drills in Armenian Mountains

Thales granted multiple-award IDIQ contract for Army radios

OIL AND GAS
US Air Force Develops Electromagnetic Pulse Weapon

Northrop Grumman intros new sensor pod system

New encased wide-area motion imagery sensor system announced

Remotec announces next-gen Andros unmanned ground vehicle

OIL AND GAS
US Defense Secretary Carter signs defence projects with India

Army contracting official charged in parts investigation

French arms exports in 2014 'best in 15 years'

Harris Corporation completes acquisition of Exelis

OIL AND GAS
Google puts India PM in criminal search line-up

Russia 'aggressive' but no 'immediate threat': NATO chief

An effective strategy for the 21st century

Japan, Philippines lash out at China island building

OIL AND GAS
Measuring the mass of molecules on the nano-scale

Novel X-ray lens sharpens view into the nano world

Engineering phase changes in nanoparticle arrays

DNA double helix does double duty assembling nanoparticle arrays




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.