gasoline prices

Oil

US gasoline prices rise slightly to $3.71 a gallon

CAMARILLO, Calif. (AP) — A survey says the average price of a gallon of regular gasoline in the U.S. has risen by 2 cents over the last two weeks to $3.71.

Industry analyst Trilby Lundberg said Sunday that crude oil prices rose over jitters about Iraqi oil production as violence there grows.

Much of that increase hasn't been passed on to consumers yet, and prices could increase over the coming weeks.

Oil

Turmoil in Iraq is pushing up US gasoline prices

Violence in Iraq is pushing U.S. gasoline prices higher, depriving drivers of the usual price break between Memorial Day and July Fourth.

The national average price of $3.67 per gallon is the highest price for this time of year since 2008, the year gasoline hit its all-time high.

Oil

Oil jumps 2 percent as Iraq violence raises supply fears

The price of oil jumped Thursday as an insurgency in Iraq raised the risk of disruptions to supplies at a time when other major oil-producing countries are already pumping near capacity. The al-Qaida-inspired group that captured two key cities in Iraq earlier this week vowed Thursday to march on to Baghdad.

One of those two cities, Mosul, lies in an area that is a major gateway for Iraqi oil. While the loss of the city has no immediate effect on oil exports, now at over 3 million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

West Texas Intermediate, the benchmark U.S. oil, rose $2.13, or 2 percent, to close at $106.53 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose more sharply, gaining $3.07, or 2.8 percent, to $113.02 a barrel on the ICE Futures exchange in London.

Oil

US gas prices holding steady at $3.69 a gallon

CAMARILLO, California (AP) — A survey says the average price of a gallon of regular gasoline in the U.S. is holding steady, rising 3½ cents over the last three weeks to $3.69.

Industry analyst Trilby Lundberg said Sunday that crude oil prices are little changed and strong refinery output has quenched higher demand. She anticipates minor price declines ahead.

The survey taken Friday shows the average price for a gallon of midgrade gas was $3.88 and the average price for a gallon of premium was $4.03. Diesel averaged $3.96 a gallon.

Oil

Oil futures little changed after US jobs report

Solid employment numbers in the U.S gave a boost to oil Friday, though only a small one.

Benchmark U.S. oil for July delivery rose 18 cents to close at $102.66 a barrel on the New York Mercantile Exchange. Oil traded in a narrow range all week and ended with a decline of 15 cents.

Brent crude, a benchmark for international oils, slid 18 cents to $108.61 a barrel.

Oil

Oil barely changed ahead of monthly US jobs report

The price of oil barely budged for a fourth straight day, as traders await the latest report from the U.S. government on the state of the jobs market.

Benchmark U.S. oil for July delivery fell 16 cents to $102.48 a barrel on the New York Mercantile Exchange. For the week oil is down 33 cents.

Brent crude, a benchmark for international oils, rose 39 cents to $108.79 a barrel.

Oil

Oil up slightly as US supply data awaited

The price of oil was little changed Tuesday as traders awaited reports on U.S. supplies of crude and refined products.

Benchmark U.S. oil for July delivery rose 19 cents to $102.66 a barrel on the New York Mercantile Exchange. The Nymex contract fell 24 cents on Monday.

Brent crude, a benchmark for international oils, slipped 1 cent to $108.82 a barrel on the ICE Futures exchange in London.

Oil

Oil falls; AAA sees declining gasoline prices in June

The price of oil fell slightly Monday and closed at a two-week low.

Benchmark U.S. oil for July delivery fell 24 cents to $102.47 a barrel on the New York Mercantile Exchange. Last week, the price of oil fell by 1.6 percent. Brent crude, a benchmark for international oils, slipped 58 cents to $108.83 a barrel on the ICE Futures exchange in London.

Oil

Oil drops on expected rise in US supply

The price of oil fell below $103 barrel Wednesday as traders expected the Energy Department to report an increase in U.S. supplies.

Benchmark crude for July delivery dropped $1.39 to close at $102.72 a barrel on the New York Mercantile Exchange.

Brent crude, a benchmark for international oils, fell 21 cents to $109.81 on the ICE exchange in London.

Oil

Oil stays above $104 on crises in Ukraine, Libya

The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.

Benchmark crude for July delivery fell 24 cents to $104.11 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, dropped 30 cents to $110.02 on the ICE Futures exchange in London.

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