Thursday, 19 July, 2018

Meadville-area gas prices dip below $3 per gallon

Gas prices at $2.99 per gallon at Coldwater MI station Gas prices at $2.99 per gallon at Coldwater MI station
Lindsey Cook | 03 May, 2018, 15:59

Gas prices across the country are the highest they have been in four years. Metro Detroit's average is about 45 cents more than this same time past year. That is the biggest one-week increase since early September during hurricane season. Crude runs fell by more than 300,000 barrels per day last week, dropping 4 percent below a year ago. "This week, Texas continued to make the list for top 10 lowest gas price averages in the U.S".

Last time the average price of a gallon of gas in CT was above $3 was in December of 2014.

The data, released by auto club AAA Monday, comes as the price of crude oil hits $68 per barrel, a three-year high. Analysts say they are uncertain whether this was a one-week quirk or if high gasoline prices are causing drivers to cut back. However, these gains would have been more significant had the USA not exported a record amount of fuel, the auto club said. Premium is averaging $3.16, from $2.91 to $3.49. Gas in Oklahoma is averaging 3 cents less.

Hitting $2.81, today's national gas price average has reached the highest price per gallon since November 2014.

"This will be the most expensive driving season since 2014", Tom Kloza, the service's global head of energy analysis, tells The Associated Press.

The price of US crude oil has been on a mostly steady incline since last June and last week hit $68.64, the highest since December 2014. It didn't work. Consumers enjoyed lower prices at the pump and US producers used technology to make their operations profitable, even at lower prices.

In broader economic terms, the rise in oil and gasoline prices will help crude producers in states like Texas and North Dakota and will likely boost capital spending industrywide.

"The only good news for motorists?" GasBuddy is a website and app that helps consumers find the best gas prices around them.

More news: Armenia opposition leader in crunch talks ahead of PM vote
More news: Tower Block Catches Fire Before Collapsing In Brazil
More news: Mueller hints at obstruction in Trump questions

Several factors have helped drive oil prices higher. The smaller amount of available oil only exacerbated this rise in demand.

That has amplified the typical increase in gas prices seen this time of year.

As a result, USA crude oil inventories are down. Gasoline demand sank to its lowest level in almost two months, declining 8 percent from the previous week, AAA said.

California nudged out Hawaii for the most expensive gas this month, with OR in the sixth spot nationwide for the third consecutive week. Throughout the month, the state average rose a total of 16 cents.

Average gas prices in south central OH remain at $2.732 per gallon this week, according to AAA East Central's Gas Price Report, and prices in Portsmouth are reported as among the lowest.

Long Islanders are forking over the highest prices for gasoline that they've paid in almost three years, and they can expect to be paying more - soon.

"We're nearly guaranteed not see any record high prices, but prices will be a little bit higher than last summer", DeHaan said.

Recommended

Apple announces slow iPhone sales, but $100 billion for investors Apple announces slow iPhone sales, but $100 billion for investors In Japan, Apple saw a revenue growth of 22 percent while in the rest of Asia Pacific, the revenue was up by around 4 percent. Revenue from Apple's "other products" was $3.9 billion, and sales for the Apple Watch and AirPods were up nearly 50 percent.

Military cargo plane crashes in Georgia airport official says Military cargo plane crashes in Georgia airport official says NBC affiliate WSAV is reporting that two people have been killed in the crash, however this has not been officially confirmed. The four-engine plane sent up a cloud of black smoke, with a tail wing coming to rest on a median, television images showed.

Government wants 'substantive' deal on future European Union relations by autumn, says Davis Government wants 'substantive' deal on future European Union  relations by autumn, says Davis The Guardian understands that neither the customs union, nor Brexit more generally, was brought up at Tuesday's meeting of the full cabinet.

Gowda downplays PM's praise; hits out at K'taka CM Gowda downplays PM's praise; hits out at K'taka CM The tweet more or less set the tone for the political bickering that followed electioneering in the months ahead. The remark, which blew into a controversy in mid-2017, was also condemned by Congress president Rahul Gandhi .

Tornado watch for most of central Kansas until late Tuesday night Tornado watch for most of central Kansas until late Tuesday night The precise magnitude and location of the most-severe weather remains questionable due to the evolution of storms overnight. SUMMARY.Several severe storms are expected to develop along the dryline and quasi-stationary front through this evening.

Boston Celtics vs. Philadelphia 76ers - 5/3/18 NBA Pick, Odds, and Prediction Boston Celtics vs. Philadelphia 76ers - 5/3/18 NBA Pick, Odds, and Prediction Injuries have plagued this elite team all season, but it has never really seemed to bother them. His favourite part? That aforementioned 1984 fight, with "Dr.

Armenia's ruling party opposes Pashinyan's candidacy for prime minister Armenia's ruling party opposes Pashinyan's candidacy for prime minister The national Assembly of Armenia did not support the candidate Nikol Pashinian for the post of Prime Minister. Sargsyan had been president for a decade before becoming prime minister last month.

Lion park owner mauled by lion recovering in hospital Lion park owner mauled by lion recovering in hospital Whatever be the noble thought of the man, he found himself under attack from the predator who had nearly gone for the kill. A police spokesperson told the Associated Press that the man suffered jaw and neck injuries and is intensive care.

Tech giant announces Vancouver expansion Tech giant announces Vancouver expansion Governor Charlie Baker said the deal highlights the state's vibrant innovation ecosystem, while Boston Mayor Martin J. Amazon will be expanding Vancouver's tech hub by opening a new headquarters in the city's downtown core.

Mosque blasts kill at least 20 in northeast Nigeria Mosque blasts kill at least 20 in northeast Nigeria According to reports, the explosion was caused by suicide bombers, who detonated their bomb vests at the busy market. Ezra Sakawa, chief medical director of Mubi general hospital, said 27 people died and 56 were injured.

Cricket Australia hopeful that India agree to day-night Test Cricket Australia hopeful that India agree to day-night Test The newly built Perth Stadium will make its debut as a Test venue when it hosts the second Test . The Adelaide Oval was tipped to host India's first-ever day and night Test.

WhatsApp co-founder leaving Facebook WhatsApp co-founder leaving Facebook Announcing his departure in a Facebook post , Koum mentions none of the reported issues that apparently prompted him to walk away. Koum's contract with Facebook wasn't supposed to end until November, the person familiar with the matter said.

Kelly calls 'BS' on report he called Trump an idiot Kelly calls 'BS' on report he called Trump an idiot The blistering report from NBC News details repeated instances in which Kelly insulted the president. Kelly was responding to a report from NBC News that he had referred to the president as an "idio".

Michelle Wolf doubles down on controversial performance Michelle Wolf doubles down on controversial performance But until President Trump's boycott in 2017 deprived the comedian of a foil, the evening had remained more or less the same. On Monday he said the dinner was "a total disaster and an embarrassment to our great Country and all that it stands for".

Comedian May Get Special Prison Treatment After Assault Trial Comedian May Get Special Prison Treatment After Assault Trial Barbara Ziv, a psychiatrist who took the stand, said discrepancies are not out of the norm. Photo A juror in the Bill Cosby sexual assault trial said he found a deposition by Mr.