Building a world of
resilient communities.

MAIN LIST

 

Survey: Gasoline Nearly $1.80 Per Gallon

NEW YORK (Reuters) - U.S. average retail gasoline prices rose over the last two weeks and they could go even higher, according to an industry analyst.

The national average for self-serve regular unleaded gas was nearly $1.80 a gallon in the two weeks ended April 9, up 2-1/2 cents per gallon, according to the nationwide Lundberg survey of about 8,000 gas stations.

The price has risen 31-1/2 cents per gallon since Dec. 19. The current price is about 13 cents higher than one year earlier, according to the survey, which was released on Sunday.

"The continuous rises since late December can generally be attributed to strengthening crude oil prices and strengthening U.S. demand for gasoline, supported by economic growth," said survey editor Trilby Lundberg.

At $2.22 per gallon, San Diego had the highest average price for self-serve regular unleaded gas. Tulsa, Oklahoma had the lowest price -- $1.59 per gallon.

Lundberg said a third important factor is the strain on the U.S. refining system from tight capacity, especially in light of increasingly costly environmental protection regulations on the several gasoline formulas. Some of these regulations become more costly with supply penalties as the peak driving season of the summer months approaches.

"Unless crude oil prices slip significantly there's a good chance that gasoline prices could rise even further in the short term,!"! she said.

Editorial Notes: US$1.80 per gallon = a whopping A$0.62 per liter ha! ha! they ain't seen nothing yet.....

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


How We Went on an Energy Diet, and What We Lost (and Gained!)

In which I reveal the changes in our household energy usage from 2003 …

Five Billion Years of Energy Supply: the "Stereosphere" and the Upcoming Photovoltaic Revolution

Both the biosphere and the stereosphere use solar light as the energy …

Peak Oil Review - Aug 22 2016

 A weekly roundup of peak oil  news, including: -Oil and the …

Limitless imagination and physical limits

How do we distinguish those ideas that are forever going to remain in the …

Some Reflections on the Twilight of the Oil Age (part III)

The impact of the Tooth Fairy Syndrome is all the more felt in the main …

Peak Oil Review: A Midweek Update - 18th Aug 2016

 A midweek update. Oil prices climbed for the fifth straight day on …

Facts and Falsehoods in Energy Transition  

We...try to separate fact from falsehoods in this wide-ranging interview. It …