gasoline prices

Oil

Survey: US gasoline prices jump 9 cents per gallon

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.

Oil

Gas prices jump 15 cents in NC, 17 cents in SC

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.

 

Associated Press
Oil

Summer gasoline prices should remain steady, EIA predicts

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.

Oil

Oil prices slip below $101 after Libyan deal

Oil prices fell below $101 a barrel Monday following reports that four Libyan oil terminals under militia control could soon open and possibly boost global supplies.

Benchmark U.S. crude oil for May delivery slipped 70 cents to $100.44 a barrel on the New York Mercantile Exchange. The price has vacillated around $100 a barrel for most of the past month.

Brent crude, used to set prices for international varieties of oil, dropped 90 cents to $105.82 a barrel on the ICE Futures exchange in London.

Oil

Gasoline prices rise by 5 cents in past 2 weeks

CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has risen 5 cents in the past two weeks.

The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.61, the highest price in Lundberg's twice-monthly surveys since late July 2013.

But the current price is 4 cents under its year ago point.

Oil

AAA projects continued growth for pump prices

Source: 
Bloomberg

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.

Oil

API says oil exports would lower pump prices

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.

Oil

Oil up slightly, ends week with 2 percent gain

The price of oil rose slightly Friday and finished the week with a 2 percent gain amid signs of stronger economic growth in the U.S. and global supply concerns.

Benchmark U.S. crude oil for May delivery gained 39 cents to $101.67 a barrel on the New York Mercantile Exchange. For the week, oil rose 2.2 percent.

In other markets, Brent crude, a benchmark for international varieties of oil, was up 24 cents to $108.07 on the ICE Futures exchange in London.

Oil

Gasoline prices steady despite ship channel spill

Source: 
FuelFix

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.

Oil

US average gas price rises 5 cents per gallon

LOS ANGELES (AP) — The average cost of a gallon of regular gasoline in the U.S. rose 5 cents, to $3.56, during the past two weeks.

That's according to a survey released Sunday.

Industry analyst Trilby Lundberg says the increase stems from a jump in the price of ethanol used to make gasoline.

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