The prices are down about 6 or 7 cents since I got back from CR. Then again while I was gone they went up about 10 cents so not that it really makes much difference. Prices almost always start dropping in a few weeks, right after the 4th holiday as peak demand is hit right about then. After Labor Day barring any major developments we should be 25 cents or more down everywhere from where we are today.
They are stuck at over $2 out West, maybe for good. Then again that is thanks to the stupidity of governments allowing every state to pursue a different blend into a national market for gas. If we had one or two blends of gas this would never be much of a problem, but the politics and the EPA are making the gas price a bigger mess than it needs to be.
Gas Prices Fall, First Time Since Dec.
(Reuters)
NEW YORK -- After months of steady increases, U.S. average retail gasoline prices fell over the past three weeks as crude oil prices declined and refiners completed maintenance required under new and more costly environmental standards, according to a nationwide survey released Sunday.
The national average for self-serve regular unleaded gas fell 6.48 cents per gallon to $2.0096 in the three weeks ended June 11, according to the Lundberg survey of nearly 8,000 gas stations. It was the first Lundberg survey since December showing a price decline, the report said.
Even so, the price of gasoline is still up 50 cents per gallon compared to the same time a year ago, the survey said.
"The main factors for the decline are somewhat lower crude oil prices and a closer balance between gasoline supply and demand in the United States." said Trilby Lundberg publisher of the report.
On June 1, the New York Mercantile Exchange near-month futures contract price for West Texas Intermediate oil was $42.33.
On June 10, the latest trading day on the New York NYMEX oil futures market, the price was $38.45 cents. That decline helped lower gasoline prices.
In addition, supplies of gasoline increased as refiners that were conducting repairs and maintenance earlier in the year completed their projects and were able to release additional capacity, the report said.
The cheapest gasoline was found in Tulsa, Oklahoma at $1.75 while the highest was found in San Francisco bay area, at $2.32 according to the survey.
(Reuters)
NEW YORK -- After months of steady increases, U.S. average retail gasoline prices fell over the past three weeks as crude oil prices declined and refiners completed maintenance required under new and more costly environmental standards, according to a nationwide survey released Sunday.
The national average for self-serve regular unleaded gas fell 6.48 cents per gallon to $2.0096 in the three weeks ended June 11, according to the Lundberg survey of nearly 8,000 gas stations. It was the first Lundberg survey since December showing a price decline, the report said.
Even so, the price of gasoline is still up 50 cents per gallon compared to the same time a year ago, the survey said.
"The main factors for the decline are somewhat lower crude oil prices and a closer balance between gasoline supply and demand in the United States." said Trilby Lundberg publisher of the report.
On June 1, the New York Mercantile Exchange near-month futures contract price for West Texas Intermediate oil was $42.33.
On June 10, the latest trading day on the New York NYMEX oil futures market, the price was $38.45 cents. That decline helped lower gasoline prices.
In addition, supplies of gasoline increased as refiners that were conducting repairs and maintenance earlier in the year completed their projects and were able to release additional capacity, the report said.
The cheapest gasoline was found in Tulsa, Oklahoma at $1.75 while the highest was found in San Francisco bay area, at $2.32 according to the survey.
