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.


Europe Oil Consumption Peaked in 2005

Consumption peaked 7 years after the production peak and is falling now in …

Peak Oil Review - Aug 31

 A weekly roundup, including: -Oil and the global economy -The Middle …

Peak Oil Notes - Aug 27

A midweek update. Oil prices fell sharply on Monday in response to another …

Deflationary Collapse Ahead?

Both the stock market and oil prices have been plunging. Is this “just …

My Chicken of an EV

A little over two years ago, my wife and I entered a new phase of life in …

In Clash of Greens, a Case for Large-Scale Solar Projects

Weaning the U.S. economy off fossil fuels will involve the wide deployment …

Why the $20 Oil Predictions are Wrong

As the price of West Texas Intermediate (WTI) retests the $40 per barrel …