gasoline prices

Oil

Oil falls to near $100 after China trade data

The price of oil declined Thursday but stayed above $100 a barrel after data showed subdued imports by China, the world's largest crude consumer.

China's customs data showed that imports rose 0.8 percent in April. That's an improvement from the previous month's 11.3 percent decline, but still weak.

Benchmark U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel in New York. Brent crude, a benchmark for international varieties of oil used by many U.S. refineries, fell 9 cents to close at $108.04 in London. The previous day, U.S. crude jumped $1.27 after a surprise decline in the nation's stockpiles.

Oil

Oil slips on weak China data; gasoline price on decline

The price of oil fell slightly Monday, after a report showed a fourth month of contraction in China's manufacturing sector.

Benchmark U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to $107.72 on the ICE Futures exchange in London.

Meanwhile, it's getting cheaper to buy gasoline in the U.S., and one popular price-watching site says prices have hit their springtime peak.

Oil

Survey: US gasoline prices up 3 cents per gallon

CAMARILLO, Calif. (AP) — The average price of a gallon of regular gasoline in the U.S. rose 3 cents, to $3.72, during the past two weeks, marking the 12th straight week of price hikes at the pump.

That's according to a survey released Sunday.

Industry analyst Trilby Lundberg says gas prices are about to tumble, however, as crude oil and wholesale gasoline prices have started falling due to higher-than-expected crude output in Libya and ample U.S. crude oil stocks and ramped up production of gasoline.

Americans asked about energy worry about costs: Poll

Source: 
FuelFix

When asked about energy, more Americans expressed concern about the cost of gasoline and electricity, and fewer worried about the impact of drilling and fracking on the environment, according to a University of Texas poll conducted in early March, FuelFix reports.

Oil

US oil flat, Brent falls on Libya exports expectations

The price of U.S. oil inched slightly higher Monday but global oil fell more than 1 percent on expectations of increased exports from Libya.

U.S. crude for June delivery rose 24 cents to close at $100.84 a barrel in New York. Brent crude, an international benchmark used to price oil used by many U.S. refineries, fell $1.46, or 1.3 percent, to close at $108.12 in London.

Brent fell on news that Libya would soon resume exports from a 70,000 barrel-per-day terminal that had been occupied by rebels. Libya has struggled to deliver steady oil exports in the three years since the ouster of former leader Moammar Gadhafi. Libya's exports are roughly 220,000 barrels a day, down from 1.4 million barrels a day a year ago.

Oil

Oil drops following declines in stock market

The price of oil dropped below $101 per barrel Friday after disappointing earnings in the U.S. prompted declines in the stock market.

Benchmark U.S. crude for June delivery shed $1.34 to close at $100.60 on the New York Mercantile Exchange. Oil finished the week with a decline of $3.70 a barrel, or 3.5 percent.

Brent crude, an international benchmark for oil, fell 75 cents to $109.58 on the ICE Futures exchange in London.

Oil

Oil near $102 on Ukraine crisis; gasoline prices up

The price of oil rose to near $102 a barrel Thursday on worries about tensions in Ukraine.

Benchmark U.S. crude for June delivery rose 50 cents to close at $101.94 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark for oil, gained $1.22 to $110.33 a barrel on the ICE Futures exchange in London.

Oil

Gasoline prices increasing as US refiners exports grow

Source: 
The Wall Street Journal

U.S. refineries are selling more of their gasoline abroad, which has shrunk domestic stockpiles and increased prices, The Wall Street Journal reports.

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.

 

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