National

Bidding War Produces 78 Cent a Gallon Gasoline

Bidding War Produces 78 Cent a Gallon Gasolineā€

Gas prices dropped unexpectedly over the past week when the crude oil market turned suddenly bearish.

Gas prices have remained steady in the Meadville area.

While gasoline demand has rebounded slightly, overall petroleum demand has lagged for much of 2017, and while OPEC's crude oil production cuts have been highly talked about, they have so far not reduced the surplus in US commercial crude oil inventories, thanks to a rise in both USA and Canadian oil output.

With daylight saving time near, fire officials urge smoke alarm safety
The reason they need to be replaced is that the smoke sensors lose sensitivity over time, according to Consumer Reports . The Williston Fire department says most fatal fires happen in the evening when adults and children are asleep.

While gasoline demand has been sluggish so far this year, it rose 7 percent last week, according to the Energy Information Agency (EIA).

Waterbury- $2.37/g, up 0.7 cents per gallon from last week's $2.36/g.

In the short term, that means a postponement of the typical spring increases as refineries do maintenance and lower their production and switch from winter- to summer-blend fuel.

Winter Storm Could Dump 5 Inches of Snow on Long Island
Sunday night: A chance of rain before 2am, then a chance of rain and snow between 2am and 5am, then a chance of snow after 5am. The storms could be south of a line from Gardner to Sedalia, according to the National Weather Service in Pleasant Hill.

Retail prices are largely based on crude oil prices.

Then in a classroom-worthy example of supply and demand, the additional oil pumped by USA producers drove down prices in the global market, AAA said.

"Despite OPEC's efforts to balance the market, traders were reminded this week that the global glut in oil still lingers", Jenkins said. That sign there says 79 cents for a gallon of unleaded gas. The lowest average Monday was metro Augusta at $2.093. Georgia drivers previous year were paying about $1.875, while metro Albany motorists were paying $1.87. The national average has increased 1.5 cents per gallon during the last month and stands 36.1 cents per gallon higher than this day one year ago.

Bird flu detected on Tennessee chicken farm
It was the first case of highly pathogenic avian influenza to strike a commercial poultry flock in more than a year. Health officials said the risk of avian influenza spreading to people or making food unsafe was extremely remote.

The national average was $2.298, down from $2.312 a month ago.



Like this

Latest


14 March 2017
Turkey bans Dutch ambassador as diplomatic crisis deepens
Turkey will "surely have sanctions" against the Netherlands, Turkish EU Minister Omer Celik told Reuters Monday. Ankara's minister for EU Affairs, Mr Omer Celik, said sanctions were likely.

13 March 2017
Starbucks unveils new pastel-colored cups for spring
The cups will only be around for a few days... and they're only on offer in the United States and Canada. Starbucks is hoping to encourage customers to draw something in the dots that inspires them.

12 March 2017
South Korean President Park Geun-hye Removed From Office
For months, Ms Park has been caught in the midst of a corruption scandal, and now could face criminal charges . Liberal Moon Jae-in, who lost to Park in the 2012 election, now enjoys a comfortable lead in opinion surveys.

12 March 2017
New administration seeks resignations of 46 United States attorneys
He added that being the US Attorney for New York Southern District would forever be "the greatest honor" of his professional life. It is not unusual for USA attorneys to resign when a new president takes office, by choice or by order.

11 March 2017
AJ Bouye tells the Texans he is signing elsewhere
The team has allowed him to test the open market, but could still bring him back even if they sign Bouye. The deal is reported to pay Bouye $67 million over five years with $26.5 million fully guaranteed.

10 March 2017
8 out of 10 S. Koreans support impeachment of President Park
The Constitutional Court in South Korea is scheduled to announce its decision on whether to uphold or reject Park's impeachment. In the late 1990s, she became a lawmaker in the conservative party and was elected South Korea's first female president in 2012.

10 March 2017
Tusk pledges to save Poland from European Union "isolation"
Poland's government wants a Polish center-right European lawmaker, Jacek Saryusz-Wolski, to replace Tusk, whose term ends May 31. The president is elected by the European Council by a qualified majority, which means that no single country can veto it.

10 March 2017
Two men attack commuters with axe at Dusseldorf rail station
Regional police said on Twitter that Dusseldorf's station is now closed due to a "comprehensive" police response there. Photos on social media show a person lying on the floor as police tape and officers cordon off part of the stations.

08 March 2017
Dicks Sporting Goods Inc (NYSE:DKS): Analyst's Estimations
Dick's Sporting Goods (NYSE: DKS ) reports comparable sales 5.0% in Q4 to top the consensus estimate of analysts for a 4.5% gain. According to the chain's latest 10-K filing, Nike represented 20 percent of Dick's inventory in the year ended January 30, 2016.

07 March 2017
Wenger rocked as rampant Liverpool Reds punish Sanchez risk
He is a committed player and sometimes with excessive behavior, but you have seen that many times in history in every squad". The Frenchman also insisted that the player was left out, because he wanted to play "direct" at Anfield.



Recommended