. Military Space News .
OIL AND GAS
U.S. gas prices begin slow seasonal trend upward
by Daniel J. Graeber
Washington (UPI) Apr 4, 2017


Maintenance at U.S. refineries and a shift to a more expensive summer blend of gasoline is leading to a spike in retail gas prices, motor club AAA reports.

AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.33 for Tuesday, up a fraction of a percent from the previous day and 2 percent higher than last week. Gas prices have been relatively stable in recent weeks as a late winter drop in crude oil prices kept some of the pressure off consumers. Retail prices, however, have increased seven of the last eight days.

"Although the increase in prices has been moderate, it is possible this trend could continue as refinery maintenance wraps up, more expensive summer-blend gasoline becomes available and driving demand increases this spring," the motor club said in a weekly retail market report.

The summer blend of gasoline requires more steps to prevent evaporation during the warmer summer months and prices at the pump can be fluid as retail service stations unload their inventory of winter gas.

The West Coast market remains the most expensive in the country, with California taking top honors in the Lower 48 with a retail average of $2.98 per gallon. At least three area refineries are undergoing planned or unplanned maintenance that could last until late March in some cases. By AAA's estimates, the retail price for gasoline in California and the rest of the northwest United States is expected to rise because of refinery issues.

With a regional shift to summer gas under way, the Great Lakes states maintain their distinction as the most volatile market in the country. Ohio, Michigan, Indiana and Illinois all saw prices jump at least 11 cents per gallon from last week. Adding insult to injury is the repair of pipelines feeding the region, which could create tight supplies throughout the Midwest.

On the broader oil markets, trends are not working in the consumer's favor. Parties to an agreement led by the Organization of Petroleum Exporting Countries to stem production in an effort to erase a glut of crude oil on the market are expressing widespread solidarity for the deal, pushing the price of oil higher. Crude oil prices make up a large component of what consumers see at the pump and the price for Brent crude oil, the global benchmark, was up almost 1 percent in early Tuesday trading.

OIL AND GAS
OPEC thanks Iraq for its role in balancing the market
Washington (UPI) Apr 4, 2017
Iraqi compliance with a multilateral effort to restore balance to the global market for oil has led to its success, OPEC's secretary-general said from Baghdad. The Organization of Petroleum Exporting Countries is leading a multilateral effort to balance an over-supplied market with managed production declines. Iraq is the second-largest oil producer in OPEC, behind Saudi Arabia. ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


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


Comment using your Disqus, Facebook, Google or Twitter login.

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

OIL AND GAS
Israel's latest missile interceptor enters service

Always on Guard: All You Need to Know About Russia's Missile Defense

Raytheon completes ballistic missile radar detection test

U.S. Missile Defense Agency buys Lot 9 THAAD Interceptors

OIL AND GAS
Raytheon receives $199M for missile sales to U.S. Navy, allied armed forces

Saab to deliver major upgrade for Swedish anti-ship missile system

China aims advanced DF-16 missiles at Taiwan: minister

State Dept. approves possible sale of Hellfire missiles to Britain

OIL AND GAS
A novel hybrid UAV that may change the way people operate drones

General Atomics building ground control station for drones

China to open first drone factory in Saudi Arabia

Happy Wanderer? Mysterious X-37B Space Plane Breaks Its Own Orbital Record

OIL AND GAS
Battle of the ModRecs Lays Groundwork for Improved Spectrum Management

Israel taps Elbit Systems for advanced radios

Hensoldt, Leonardo offering Mode 5 IFF systems

9th Wideband Global SATCOM satellite expands military communications capabilities of US and Allies

OIL AND GAS
General Dynamics contracted for tank ammo cartridges

Rheinmetall subsidiary receives orders for mine-clearance systems

U.S. may sell Stryker vehicles to Latin American countries

Asian nation orders targeting and surveillance pods from IAI

OIL AND GAS
Israel's Delek Group sets sights on global stage

Trump lifts rights conditions on Bahrain arms sales

Trump pressured to approve defense deals with India

Israel defence exports surge to $6.5 bln

OIL AND GAS
On Russia, Trump administration hews closely to Obama playbook

Moscow denounces NATO 'slander'

US top diplomat Tillerson to push NATO pay up in first talks

NATO raises 'serious concern' over Ukraine separatist IDs

OIL AND GAS
Carbon nanotubes self-assemble into tiny transistors

New Nano Devices Could Withstand Extreme Environments in Space

3-D printing turns nanomachines into life-size workers

Scientists created nanopowders for the synthesis of new aluminum alloys









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.