. Military Space News .
OIL AND GAS
U.S. gas prices likely at short-term low
by Daniel J. Graeber
Boston (UPI) Feb 15, 2017


disclaimer: image is for illustration purposes only

A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend.

"You've been warned," an emailed report from GasBuddy.com read. "Gas prices are about to get pumped up, eventually climbing to the year's highest levels as refineries across the nation are preparing for maintenance season and the seasonal switch to cleaner burning gasoline, a tradition despised by many."

The price watchdog group lists an average retail price for a gallon of regular unleaded gasoline at about $2.26, relatively steady over the last week. Gas prices have moved more or less in parallel with crude oil prices, which have traded in a narrow band around the $55 per barrel mark since late last year.

GasBuddy explains retail gasoline prices usually spike in the weeks heading into the Memorial Day holiday season as refiners work to meet environmental requirements necessary for warmer summer months. Last year, the national average price for gasoline increased 69 cents during the regular refinery maintenance season.

Dan McTeague, a senior petroleum analyst for GasBuddy, said that, in relative terms, gasoline prices will be less expensive than they were a few years ago.

"Overall, most areas will see peak prices under $3 per gallon, and while that's far under prices a few years ago, watching prices surge every spring certainly brings heart burn with it," he said.

A federal report found retail gas prices declined from the average of $2.35 in January to the current level, though prices should move back up to $2.33 on average next month.

"U.S. regular gasoline retail prices are forecast to average $2.39 per gallon in 2017 and $2.44 per gallon in 2018," the report read.


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
Norway heralds new North Sea production
Oslo, Norway (UPI) Feb 14, 2017
The start of new production in the North Sea is a testament to the enduring strength of Norway's energy sector, the country's energy minister said. Norwegian Energy Minister Terje Soviknes was on hand for the official launch of the Ivar Aasen field in the country's territorial waters in the North Sea. Ivar Aasen, operated by Norwegian group Aker BP, has a total cost framework of $3.3 bi ... read more


OIL AND GAS
New US Missile Hits Target in Space

New Age, New Aims: CIS Air Defense to Be Upgraded for Aerospace Tasks

Raytheon contracted for Patriot missile support

Lockheed Martin to perform additional THAAD development

OIL AND GAS
Turkey developing long-range ballistic missile

Russian Baltic Fleet Carries Out Air Defense Drills Using S-400 Systems

China tests its new super-accurate missile during war games

Norwegian army acquiring new air defense missile system

OIL AND GAS
U.S. Army orders counter-drone systems

SideArm prototype catches full-size unmanned aerial system flying at full speed

Unmanned Underwater Vehicle turns into Unmanned Aerial Vehicle

DARPA demonstrates SideArm UAS capture system

OIL AND GAS
IAI secures $30 million in signals intelligence contracts

Terahertz wireless could make spaceborne satellite links as fast as fiber-optic links

Airbus provides satcom for EU security missions in Mali, Niger and Somalia

Engie, Airbus tapped to support French defense networks

OIL AND GAS
Australia awards competitive ammunition load carrier contracts

Army Reserve units getting CROWS gun turrets

U.S. Army spotlights innovative ZH2 vehicle

Austria orders Pandur 6x6 armored personnel carriers

OIL AND GAS
Pentagon seeks to rent space in Trump Tower

Tales of woe from US military ahead of likely spending boost

US military leaders depict shortfalls ahead of likely spending bonanza

Russia to sell off stake in gun-maker Kalashnikov

OIL AND GAS
Trump sends letter of thanks to China's Xi

Trump tells Turkish, Spanish leaders he backs NATO

Trump to attend NATO summit in unfinished HQ: sources

China says both sides will lose from conflict with US

OIL AND GAS
Learning how to fine-tune nanofabrication

Turning up the heat for perfect nano diamonds

Supercomputing, experiment combine for first look at magnetism of real nanoparticle

Scientists determine precise 3-D location 23,000 atoms in a nanoparticle









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.