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!  

Start your own projects. See our RESOURCES page.
Make connections via our GROUPS 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.


The Great Game in the Holy Land

Guess what? Almost all the current wars, uprisings, and other conflicts in …

North Dakota Considers Weakening Standards on Radioactive Drilling Waste as Oil Prices Collapse

As the collapse of oil prices threatens North Dakota's shale drilling rush, …

Peak Oil Notes - Feb 26

A mid-week update. Oil prices fell on Monday and Tuesday this week on …

Is the US Overplaying Its Energy Hand?

The evidence suggests the United States is playing energy poker with a pair …

Are We In The Midst Of An Epic Battle Between Interest Rates And The Oil Price?

What follows are the continuance of my research, discussions, observations …

Quakes in Gas Fields Ignored for Years, Dutch Agency Finds

A report from the Dutch Safety Board has accused the oil and gas industry …

Peak Oil Review - Feb 23

A weekly review including Oil and the Global Economy, The Middle East & …