CAMARILLO, Calif. (AP) — Industry analyst Trilby Lundberg says the average U.S. price of gasoline has jumped 9 cents a gallon in the past two weeks, bringing the total increase to 40 cents over 10 weeks.
According to the Lundberg Survey released Sunday, the average for a gallon of regular is now $3.69. Midgrade averages $3.88 and premium is $4.02.
CHARLOTTE, N.C. (AP) — Motorists across the Carolinas are hoping the oil industry will soon put the brakes on rising gasoline prices.
AAA Carolinas says the average price of gas in North Carolina has jumped 15 cents in the last month from $3.38 on March 8 to $3.53 on Tuesday. It says in South Carolina the increase was 17 cents, from $3.19 a month ago to $3.36 on Tuesday.
The auto club says North Carolinians are paying the highest price for gas since last July 27, when the state average was $3.54. After starting 2014 at $3.31, gas prices fell to a year-low of $3.28 on Feb. 8 before starting to rise.
U.S. drivers are unlikely to see average gasoline and diesel prices spike during the summer travel season, the Energy Information Administration said Tuesday.
The average price for regular gasoline should drop by about 1 cent to $3.57 per gallon, Administrator Adam Sieminski told reporters in announcing EIA's short term energy and summer fuels outlook report. Diesel should also remain largely unchanged at an average of $3.87 a gallon.
Motorist group AAA said average gasoline prices are at their highest levels since September 2013 and projected that price gains would continue to climb if spring maintenance at refineries is slow, Bloomberg reports.
Repealing the ban on most U.S. exports of unrefined crude oil would create hundreds of thousands of new direct and indirect jobs and lower gasoline prices, a study commissioned by the American Petroleum Institute concludes.
API has led calls by the oil and gas industry on Congress lift the ban, enacted in 1975, over the objections of some lawmakers who say domestic prices would rise.
The study by ICF International and EnSys Energy said that up to 2.1 million barrels a day of U.S. light crudes could be sold to foreign customers by 2017, a outflow that would drive domestic production up by an additional 500,000 barrels a day.
The closure of the Houston Ship Channel following a crude spill did not trigger a feared spike in gasoline prices, FuelFix reports, noting that the AAA's national average pump price of $3.53 a gallon Tuesday was within a penny of the figure a week earlier.
Finding solar imports from China and Taiwan were being sold too cheaply on the U.S. market, the Commerce Department has imposed a new round of duties, more than doubling for some Chinese products while Taiwanese producers face having to pay an extra 44 percent, Reuters reports.
The proposed Environmental Protection Agency rule limiting carbon emissions from power plants includes an incentive for development of regional systems for carbon trading, and top air regulators from Western states held a closed-door meeting last week to discuss the idea, Bloomberg reports.
A district court has rejected a ban on fracking imposed by the city of Longmont, in a ruling celebrated by the Colorado Oil and Gas Association, but a coalition of environmental groups says it will appeal, E&E reports.
Pemex said it lost more than $4 billion in the second quarter on higher costs and taxes, despite an increase in revenue, Reuters reports, noting that the Mexican state-run oil company anticipates 2014 will see its lowest output in more than 20 years.
Representatives from the Forest Service and the Bureau of Land Management were not invited to a House Natural Resources Subcommittee hearing Thursday where complaints were aired about their “bullying” tactics across the West, most recently in New Mexico, where ranchers charge their water rights are being violated by moves to erect fences to protect the habitat of the meadow jumping mouse, E&E reports.
At the current rate of work, it would take 30 years to repair and replace utilities’ aging natural gas pipelines around the country, but compressing that to 10 years would create more than 300,000 jobs and slash methane emissions, according to a report from the BlueGreen Alliance, FuelFix reports.
The U.S. produced more than 149 million gallons of biomass-based diesel in June, up more than 4 million from May, and the six month level was more than 70 million higher compared to last year, according to Environmental Protection Agency data, although average monthly production was down following the expiration of a tax credit at the end of December, Platts reports.
Ontario-based Algonquin Power & Utilities, following a rejection of its bids for Gas Natural, has written to the board warning that it will present its case to the company’s shareholders, Gannett’s Great Falls Tribune reports.