Posted on 05/22/2015 5:07:46 AM PDT by thackney
On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional start of the summer driving season—since 2009. Lower gasoline prices reflect lower crude oil prices, with the spot price of North Sea Brent crude oil at more than $45 per barrel ($/b) lower than the same time last year, despite having increased more than $10/b since the beginning of February.
Average retail prices for all regions of the country are below the level at the same time last year, even in the West Coast Region, where supply disruptions pushed gasoline prices to $3.51/gal on May 18, 77¢/gal higher than the U.S. average. Average retail gasoline prices are lowest on the Gulf Coast (PADD 3), at $2.47/gal on May 18. Gulf Coast gasoline prices are often lower than the U.S average, as the region is home to half of the U.S. refining capacity but a smaller share of gasoline demand.
In the May Short-Term Energy Outlook (STEO), EIA projects the U.S. monthly gasoline price to average $2.68/gal in May, and then decline as refineries in California resolve outages and refineries in the rest of the country increase production of gasoline. EIA projects regular gasoline retail prices to average $2.51/gal during the third quarter of 2015.
Because of the Memorial Day holiday on Monday, May 25, EIA's next weekly survey of retail gasoline and diesel fuel prices will be published on Tuesday, May 26, one day later than normal, but they will still reflect Monday morning prices.
So, how do we blame this on 0bama? LOL!
Gas hits $1.89 - “Evil Stupid Genius George W BOOOOSH and his oil buddies did this!!!”
Gas hits $2.74 - “Bless Our Lord And Savior, The Obama, The Messiah, The Won - or you’re RAAAACIST!”
...bump....
In my little town in NC, the price of gasoline has risen from $2.169 to $2.559 since January.
Your gasoline price rose 18% in the same time period oil rose 29% from its low in January.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=rclc1&f=d
2.85 here 60 miles north of DeBlasio city.
I was buying gas last year for around $1.75 to $1.85 now its $2.45 to $2.75. Where’s the joy?
Thanks for nothing California Libertards.
I filled up 3 days before Christmas as I was finishing my Christmas shopping here in So. Cal. Gas was $2.49 a gallon.
Last Friday while going to the market, I noticed it’s now at $3.89 a gallon.
Thankfully, at the amount I drive, it will be quite some time before I need to fill up again.
California has issues driving their gasoline cost far above the normal CA penalty compared to the average US price.
No kidding!
"Dammit!"
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
