. Military Space News .
OIL AND GAS
Steady U.S. gas prices mask underlying volatility
by Daniel J. Graeber
Washington (UPI) Nov 8, 2016


disclaimer: image is for illustration purposes only

Retail gasoline prices moved slightly lower on average over the last week, though U.S. infrastructure issues made for a volatile market, motor club AAA said.

AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.21, just a fraction of a percent lower than the previous day and relatively unchanged from last week. The retail market is volatile, however, with the spread between the highest state-wide average of $2.79 in California is more than 40 percent above the lowest state average in Missouri.

AAA said some of the volatility was in part a response to issues affecting the oil and gas infrastructure in the country. Parts of the Colonial Pipeline, which were down following a deadly explosion last week, are just starting to return to service.

"While delivery of fuel has resumed, it may take a week before affected states see any relief at the pumps," the motor club said in its weekly retail market report.

Looking ahead, the motor club said the southeastern states tied to the Colonial pipeline may face an uncertain future because of potential congressional scrutiny. Parts of the Colonial pipeline were closed in early September after a leak was discovered. That caused gasoline shortages in the region and major spikes in retail prices in the U.S. south.

Meanwhile, a magnitude-5 earthquake in Cushing, Okla., which hosts the central oil storage facility for the country, may lead to some interim fluctuations as operators assess the integrity of their regional infrastructure.

Regionally, AAA said the West Coast continues with its distinction of having the highest prices in the nation, though prices there have been relatively stable as regional operators wrap up routine pipeline maintenance.

Great Lakes states, meanwhile, hold the honor of the most volatile market in the country, with three states there having the largest price increase from last week. The region has suffered from problems at BP's largest refinery in the region and AAA said those states could see brief fluctuations in response to the Cushing earthquake.

On the market side, Patrick DeHaan, a senior analyst with GasBuddy.com, said any move from members of the Organization of Petroleum Exporting Countries could move retail prices in any direction, depending on what happens at a meeting next month in Vienna. On this Election Day, he said the outcome will likely have little impact on prices at the pump.

"It's important to dispel the myth: presidential elections do not affect gas prices," he said in an emailed statement.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


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






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Oil-rich Iran wades into U.S. presidential race
Tehran (UPI) Nov 7, 2016
While its energy ties to the rest of the world could be impacted, an aide to Iran's ruling cleric said the two major U.S. presidential candidates are equally hostile. On the eve of the presidential election in the United States, Ali Akbar Velayati, a top aide to ruling cleric Ali Khamenei, said U.S. policy on Iran has been more or less unchanged since the 1980s, when alliances shifted a ... read more


OIL AND GAS
Yemen rebel missile shot down near Mecca: coalition

US to deploy missile defense to South Korea 'soon'

China, Russia blast US missile defence at regional forum

Raytheon to update the Netherlands' Patriot missile system

OIL AND GAS
USS Carl Vinson test-fires Rolling Airframe Missile, Phalanx

Is China's new short-range missile system designed to compete with Iskander

Raytheon receives Rolling Airframe Missile contract modification

BAE receives max $600 million U.S. Navy contract for laser-guided rockets

OIL AND GAS
U.S. Navy's first drone squadron stands up

Iraqi forces battle car bombs with commercial drones

China to export CH-5 drone

Northrop Grumman receives $190 million Hunter drone contract

OIL AND GAS
Comtech supplies troposcatter systems to Swedish military

U.S. Navy MUOS-5 satellite reaches orbit

Lockheed Martin gets $92 million military satellite contract modification

Russia develops new satellite communication system for military use

OIL AND GAS
Lasers, hybrid power for Army's next-gen combat vehicle, experts say

Ceradyne producing next-gen helmets, body armor

First U.S. Stryker with 30mm cannon debuts

L-3 Oceania to supply Australia with night fighting equipment

OIL AND GAS
UK ex-minister says MoD misled him over Saudi arms deal

Turkish foreign minister hits back at 'weak' Iraq PM

Pentagon suspends clawback of decade-old enlistment bonuses

Saab buys Danish defense company

OIL AND GAS
Japan protests as China ships sail near disputed isles

Kerry calls ties to Manila 'ironclad' despite 'differences'

Ex-Philippine leader resigns as Duterte's China envoy

China president slams 'conspiracies' in Communist Party

OIL AND GAS
Light drives single-molecule nanoroadsters

Nanostructures made of pure gold

First time physicists observed and quantified tiny nanoparticle crossing lipid membrane

Nanoparticle taxicab materials can identify, collect and transport debris on surfaces









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.