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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.

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Now, Sonos is turning up the heat yet again with a first-of-its-kind addition to the Sonos lineup: The Sonos PLAYBASE . If you prefer your TV to be sat on furniture, and you don't have a load of space, then the Playbase might be for you.

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.

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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.

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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.



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