• Home
  • Contact Us!
  • Privacy Policy

Radio Metta

  • Home
  • Business
  • Education
  • Health
  • Home Deco
  • News
  • Real Estate
  • Technology
  • Contact Us!
  • Privacy Policy
Home» Business»Refinery maintenance pushing gas prices high

Refinery maintenance pushing gas prices high

Saheli 29 Mar 2016 Business Comments Off on Refinery maintenance pushing gas prices high 381 Views

WASHINGTON, March 29 —Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds.

Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.04 for Tuesday, a slight increase from the previous day and nearly 3 percent, or about 6 cents, higher than one week ago.

Last week, the national average price moved to more than $2 for the first time this year as refiners started to conduct the routine maintenance necessary to switch to processing a summer blend of gasoline. That’s resulted in less gasoline supplies, moving prices higher. During the spring, demand also increases as more drivers look to break cabin fever by hitting the road.

“The combination of the above factors generally contributes to rising prices at the pump, leading into the busy summer driving season,” the motor club said in a weekly retail market report.

Crude oil prices, which account for the bulk of the price consumers pay for gasoline, have been relatively stable, holding near the $40 mark for most of March. Markets have seesawed on talks of a potential meeting in April between the Organization of Petroleum Exporting Countries and other major producers on holding output steady at January levels to stabilize the market. AAA said in its report that most market analysts are skeptical about the outcome of the deal.

“As crude oil prices fell gently last week back under $40 per barrel, motorists shouldn’t necessarily expect the worst increases to be over just yet,” Patrick DeHaan, a senior analyst with consumer price watchdog GasBuddy, said in a separate emailed statement. “Until the bulk of refinery maintenance season wraps up in late May, we likely won’t see the lower oil prices immediately bring relief to the pump as oil and gasoline inventories continue to move in the opposite direction.”

The price for Brent crude oil, the global benchmark, was around $39.57 per barrel early Tuesday.

New Jersey has the lowest state average price in the nation at $1.84 per gallon. The national average price, meanwhile, is 15 percent, or 38 cents, less than this date in 2015.

[Source:- UPI]

gas High maintenance prices pushing Refinery 2016-03-29
Tags gas High maintenance prices pushing Refinery
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : Saheli
Previous Article :

Discarded drug helps fight disease-causing viruses in lab

Next Article :

Wearable ‘defibrillator-in-a-vest’ may help some heart patients

Related Articles

Step up: Tips for organizations from the FTC’s settlement with Genshin Effect designer HoYoverse

Step up: Tips for organizations from the FTC’s settlement with Genshin Effect designer HoYoverse

admin 07 Feb 2025
The main 3 showcasing challenges for independent companies (and how mechanization can tackle them)

The main 3 showcasing challenges for independent companies (and how mechanization can tackle them)

admin 24 Sep 2024
The most effective method to Begin a Blog (and Bring in Cash) in 6 Stages: Simple Fledgling’s Aide

The most effective method to Begin a Blog (and Bring in Cash) in 6 Stages: Simple Fledgling’s Aide

admin 19 Sep 2024

Latest Post

How is PSA used to monitor prostate cancer?
Health

How is PSA used to monitor prostate cancer?

admin 01 Sep 2025
The Future of High Performance Networking: Ultra Ethernet Explained
Technology

The Future of High Performance Networking: Ultra Ethernet Explained

admin 28 Aug 2025
Why a focus on foundational education must be at the heart of the response: Out of school but not out of reach
Education

Why a focus on foundational education must be at the heart of the response: Out of school but not out of reach

admin 23 Aug 2025
HP Increases Innovation in Gaming
Technology

HP Increases Innovation in Gaming

admin 19 Aug 2025
Anatomy, Function, and Common Injuries of Hamstring Muscles
Health

Anatomy, Function, and Common Injuries of Hamstring Muscles

admin 12 Aug 2025
Gaming Your Way to Sharper AI Prompts
Technology

Gaming Your Way to Sharper AI Prompts

admin 07 Aug 2025
15 Elegant Living Room Hanging Lights
Home Deco

15 Elegant Living Room Hanging Lights

admin 04 Aug 2025
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
  • Home
  • Contact Us!
  • Privacy Policy
Copyright 2016, All Rights Reserved
Magazine Blog News WordPress Theme