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




OIL AND GAS
Gasoline prices matching oil march lower
by Daniel J. Graeber
Washington (UPI) Sep 10, 2014


Job growth booming along with oil, API says
Washington (UPI) Sep 10, 2014 - A study conducted by the U.S. energy industry's American Petroleum Institute finds the sector is supporting around 8 percent of the nation's economy.

"Oil and natural gas companies are only one part of a much larger economic success story that is creating job growth up and down the supply chain," API Upstream Group Director Erik Milito said in a statement.

API published a vendor survey listing more than 30,000 segments across the country tied to U.S. energy sector.

As of 2011, API said the oil and gas industry has supported 9.8 million full- and part-time jobs and 8 percent of the U.S. economy. Its study found benefits across the board, with the No. 1 state, Texas, boasting 1.9 million energy jobs to the bottom, the District of Columbia, with 13,700 jobs.

API credited the growth to horizontal drilling and hydraulic fracturing in shale to the increased economic benefits. In terms of job growth, the industry's lobbying group said the number of jobs tied directly to shale should increase from 2.1 million to 3.9 million by 2025.

"Thanks to innovations in horizontal drilling and hydraulic fracturing, America's potential as an energy superpower is growing, and businesses of all types are growing with it," Milito said Tuesday.

There still may be some factors that could lead to elevated gas prices, but the upcoming season should bring further relief to U.S. motorists, AAA said.

AAA reported a national average price for a gallon of regular unleaded gasoline of $3.43, a price that's held relatively stable for the last few weeks. The average price is about 4 percent, or 14 cents, less than it was on this date in 2013.

AAA has attributed a general decline in retail gasoline prices to ample supply and a market that's shrugged off geopolitical concerns.

Seasonally, gasoline prices fall in the United States after the Labor Day holiday as demand wanes. By mid-September, refineries also switch to a winter blend of gasoline, which is cheaper to make because it doesn't have to be blended to meet emissions requirements in place during warmer months.

"Motorists usually enjoy cost savings during this period; however geopolitical instability, hurricanes or events that disrupt production could still cause temporary spikes in regional prices in the coming months," the motor club said Tuesday in a weekly report.

The U.S. Energy Information Administration said in its latest short-term market report gasoline prices should continue to fall along with global crude oil prices.

EIA expects the U.S. national average price for a gallon of regular unleaded gasoline to reach $3.18 by December.

.


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
Agreement part of LNG development decision
Brisbane, Australia (UPI) Sep 9, 2014
A group of gas companies working in Australia said Tuesday they were part of a decision to set aside most of the country's Curtis Island as a preserve area. BG Group, Santos GLNG and Australia Pacific LNG said they were working through a consortium to "return the last major area of non-conservation land on Curtis Island, which is currently a cattle farm, to its natural habitat." ... read more


OIL AND GAS
INFORMS Study on Iron Dome Asks: What Was its Impact?

Raytheon AI3 missile intercepts first cruise missile target

Taiwan to spend $2.5 billion on anti-missile systems

US Congress approves funding for Israel's Iron Dome

OIL AND GAS
Iran unveils new missile, radar systems

N. Korea test-fires suspected missile into sea

Block 2 Rolling Airframe Missile delivered to Navy

Hypersonic weapon detonated after lift-off: US military

OIL AND GAS
Global Hawk Variants Surpass 100,000 Operational Hours

RQ-4 Global Hawk Demonstrates Expanded Mission Capabilities

First Ever RQ-4 Global Hawk Hits 100th Flight on NASA Mission

Unmanned Aircraft Partnership Reaches Major Milestone

OIL AND GAS
UAE contracts for enhanced tactical communications

Harris' tactical manpack radio gets NSA certification

General Hyten takes control of AFSPC

Saudis seek to upgrade AWAC planes

OIL AND GAS
Rheinmetall in Australia sets vehicle project team

Raytheon's Small Diameter II bomb completes GTV testing

General Dynamics UK lands Ministry of Defense vehicle contract

MBDA, Polish companies sign letters of intent

OIL AND GAS
USTRANSCOM taps MCR Federal for financial support services

India says no to new deals with Finmeccanica

British arbitration tribunal backs up Raytheon

German coalition bickers over arms exports

OIL AND GAS
Top Obama aide in Beijing to highlight vital China ties

Ukraine crisis accelerates Russia-China energy cooperation

NATO leaders accuse Russia, aid Ukraine

South Africa 'refuses' Dalai Lama visa for Nobel summit

OIL AND GAS
Nanoscale assembly line

UO-Berkeley Lab unveil new nano-sized synthetic scaffolding technique

Engineers develop new sensor to detect tiny individual nanoparticles

New analytical technology reveals 'nanomechanical' surface traits




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.