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Keyword: gasolineprice

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  • East Coast faces gas shortages, price hikes after pipeline leak

    09/16/2016 2:43:44 PM PDT · by dynachrome · 28 replies
    CNN ^ | 9-16-16 | Charles Riley
    A leak has caused the closure of a crucial pipeline that carries gasoline to the eastern United States, a disruption that threatens to drive up prices and leave service stations without fuel to sell. A section of the Colonial Pipeline, which runs from Houston to New York, has been closed since Sept. 9 after a spill of roughly 250,000 gallons was discovered in rural Shelby County, Ala. The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates. The cause of the leak...
  • Gas Drops Below $1.50 in Some Areas, and We Haven't Hit Bottom Yet

    02/02/2016 7:28:32 AM PST · by thackney · 49 replies
    NBC News ^ | FEB 2 2016 | MARTHA C. WHITE
    American drivers are now enjoying gasoline prices that haven't been this low since January 2009. Data from the AAA shows that the average annual price for a gallon of gas has been below $2 a gallon for about a month now. Just within the past week, the national average gas price ticked below $1.80 for a gallon of regular gas, a drop of 20 cents just since the beginning of 2016. "I think you have probably another three to four weeks of prices in this area - I think we could drop another nickel or so," said Denton Cinquegrana, chief...
  • Gas Wars: A Gallon Is Just 46 Cents Here

    01/18/2016 10:50:44 AM PST · by blam · 39 replies
    CNBC - REUTERS ^ | 1-18-2016 | Katie Little | Steve Kopack
    CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)
  • U.S. retail sales dipped in December; low gasoline prices a key factor

    01/15/2016 8:50:51 AM PST · by thackney · 19 replies
    Fuel Fix ^ | January 15, 2016 | Associated Press
    Americans tapered off from shopping toward the end of the holiday season, while lower gasoline prices cut into overall retail sales in December. The Commerce Department said Friday that retail sales dipped a seasonally adjusted 0.1 percent last month to $448.1 billion after having climbed a solid 0.4 percent in November. The report shows consumer tastes shifting toward restaurants and online shopping. The extra savings from falling gas costs have yet to boost spending much in other retail categories. Sales fell in December at clothing, electronics outlets and general merchandise stores. But those declines were largely offset by spending at...
  • Drivers Outraged as Gas Prices Soar While Oil Prices Plummet

    08/14/2015 9:28:43 AM PDT · by Citizen Zed · 52 replies ^ | 8-14-2015 | Brad Tuttle
    Prices at some gas stations spiked 50˘ overnight. Earlier this week, analysts proclaimed that $2 gas would be common once again around the U.S. Global oil prices are cratering, nearing $40 per barrel, and shrinking wholesale rates can only result in lower prices at the pump. Or so one would think. Despite plunging oil prices, drivers throughout the Midwest have been subjected to dramatic price spikes at gas stations this week. In Cincinnati, for instance, the price for a gallon of regular increased more than 40˘ overnight at some stations. Less than two weeks after analysts predicted average prices in...
  • 10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW

    01/08/2015 2:11:17 PM PST · by SeekAndFind · 26 replies
    TEC ^ | 01/06/2015 | Michael Snyder
    If you do not believe that we are heading directly toward another major financial crisis, you need to read this article. So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes. History literally appears to be repeating, but most Americans seem absolutely oblivious to what is going on. The mainstream media and our politicians are promising them that everything is going to be okay somehow, and that seems to be good enough for most people. But the signs that another massive financial crisis is on the horizon...
  • Average Gas Prices Drop Below $2.00 per Gallon in Two States

    01/05/2015 6:31:56 AM PST · by Enlightened1 · 41 replies
    (WASHINGTON, December 29, 2014) Average gas prices in two states – Missouri ($1.93) and Oklahoma ($1.98) – have dropped below $2.00 per gallon for the first time since 2009. The national average has fallen 95 days in a row for a total of $1.06, and prices have plummeted $1.38 (nearly 40 percent) since the start of June. The national average price for regular unleaded gasoline is $2.29 per gallon, and motorists are saving 11 cents per gallon compared to one week ago, 49 cents compared to one month ago and $1.02 per gallon compared to this same date last year....
  • Pump price plunge hits 99 straight days

    01/02/2015 10:59:50 AM PST · by DaveMSmith · 38 replies
    The average price for a gallon of gas has dropped for 99 days in a row, with six states – Indiana, Kansas, Michigan, Ohio, Oklahoma and Missouri – having average prices under $2 for the first time since 2009, according to price surveys Friday. Prices have plummeted about 40 percent since the start of June. Put another way, the Auto Club estimates that Americans are saving $500 million -- per day, each day – compared to the high prices paid last spring, allowing that money to be spent with businesses other than oil companies or just kept in the savings...
  • The Terrible, Horrible, No Good, Very Bad Falling Gas Prices

    12/11/2014 7:08:04 AM PST · by Citizen Zed · 49 replies
    cato ^ | 12-11-2014 | RANDAL O'TOOLE
    A left-coast writer named Mark Morford thinks that gas prices falling to $2 a gallon would be the worst thing to happen to America. After all, he says, the wrong people would profit: oil companies (why would oil companies profit from lower gas prices?), auto makers, and internet retailers like Amazon that offer free shipping. If falling gas prices are the worst for America, then the best, Morford goes on to say, would be to raise gas taxes by $6 a gallon and dedicate all of the revenue to (boondoggles) “alternative energy and transport, environmental protections, our busted educational system,...
  • Fill 'Er Up: U.S. Says Gas Prices to Average Below $3 a Gallon in 2015

    11/13/2014 1:36:05 PM PST · by SeekAndFind
    NBC News ^ | 11/13/2014
    Despite losing at least eight seats, and probably nine before all the votes are counted by 2015, Senate Majority Leader Harry Reid (D-NV) has not faced much in the way of a public pushback from his fellow Democrats… until today. Purple state Democrat Sen. Claire McCaskill (D-MO) revealed on Thursday that she will not back Reid in his role as minority leader in the next Congress.The revelation came as a surprise when she was asked by reporters if she would stand by Reid. “I will not,” McCaskill replied.“Yesterday, I met with Harry Reid and told him I would not...
  • The True Reason Gas Prices are Falling (Hint: It’s Not Because of Green Energy)

    10/27/2014 9:08:21 AM PDT · by Timber Rattler · 20 replies
    The Daily Signal ^ | October 26, 2014 | Stephen Moore
    American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below $3 a gallon. At present levels, these lower oil and gas prices are the equivalent of a $200 billion cost saving to American consumers and businesses. That’s $200 billion a year we don’t have to send to Saudi Arabia, Kuwait and other foreign nations. Now...
  • $3.69.9 In The Morning, $3.75.9 In The Evening

    02/04/2013 3:02:08 PM PST · by knarf · 33 replies
    self | February 4, 2013 | knarf
    When we went shopping Saturday morning, we drove by a local EXXON gas station ...
  • Could gas fall to $3 a gallon?

    09/26/2011 8:21:06 AM PDT · by Evil Slayer · 72 replies · 1+ views News ^ | 9/26/11 | Peter Mucha
    As gasoline prices keep falling at the pump, analysts are wondering how low they can go. Crude prices could continue to drop, in part because of lingering economic woes seem likely to keep demand down. The national average is down to $3.54 for a gallon of regular, and in the city with the cheapest gas, St. Louis, the going rate was $3.08 a gallon as of Friday, according to the Lundberg Survey released Sunday. Some Central Jersey stations are also in that ballpark. Two stations in Old Bridge, Middlesex County, and one in Marlboro, Monmouth County, have pegged regular at...
  • Crisis in Egypt could increase already high gas prices

    01/31/2011 4:29:11 PM PST · by JoeA · 3 replies ^ | 1/31/2011 | Joe Alfieri
    While we watch from afar the turmoil rolling across the Mideast, first toppling the government in Tunisia and now playing out in the streets of Cairo, the effects on Americans are more immediate than the distance between here and Egypt would suggest. A quick trip to the local gas station underlines the strategic importance of the Middle East to the well being of the American economy. And with that economy mired in recession, a surge in gasoline prices is the wrong prescription for an already weak patient. The effect in states like California, where prices are moving toward four dollars...
  • Gasoline Price History

    08/25/2005 10:40:59 AM PDT · by finnman69 · 2 replies · 3,347+ views ^ | 8/23/05 | Stuart
    Gasoline Price History The following plot shows how much I paid for each gallon of gas I bought over the past 26 years or so. The data has a somewhat varied pedigree. Most of the purchases from 1979-1982 were in the Rio Vista/Fort Worth, Texas area. From late 1982-1983 was from College Station/Rio Vista about equally. From 1984-1987 was a Rio Vista/College Station/Houston mix and from 1987 on has been mostly Houston with a little Fort Worth thrown in. Just about everything pre-1984 was full service and everything since has been self-serve. Every tank shown was "super" unleaded (92-93 octane)....
  • Nigeria’s Oil Exports Strike Scheduled for Nov. 16 - May Lead to Higher U.S. Fuel Prices

    11/15/2004 1:22:57 PM PST · by DDavenport · 12 replies · 576+ views
    News Informant ^ | November 15, 2004 | Bernard Perlstein
    Nigerian Strike To Focus On Oil ExportsNigeria’s largest labor organization has called for its 2nd national strike — to start Nov. 16 — against recent government hikes in the domestic retail oil price. This strike, however, is strategically aimed at stopping Nigeria’s lucrative oil exports. Nigeria is the world’s seventh largest oil producer, and is the fifth largest provider of oil imported by the United States. If the strike is effective, its effects could ripple through the global oil economy, causing wholesale prices to rise beyond its recent record levels, and raising U.S. gas and fuel prices.