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Tag Archives: gasoline prices

Expert: Gas prices likely to hold steady

CHAMPAIGN — Ten years ago, other nations held many of the cards that controlled the prices you and I pay as the gas pump. Then came the shale revolution. The development of technology that allows oil to be extracted from organic-rich fine-grained sedimentary rock has caused oil prices to collapse and has changed the world’s oil marketplace from a seller’s ...

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US lifts oil export ban — now what?

Q: Will lifting the ban on exporting U.S. crude oil lead to higher prices? Marney Cox, San Diego Association of Governments Answer: NO Lifting the oil export ban would lower, not raise prices in the U.S. First, not all oil is the same. The main reason to export would be to solve mismatches between domestic crude oil quality and the ...

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U.S. consumer prices fall on cheaper gasoline

WASHINGTON – U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in underlying price pressures should allay fears that a disinflationary trend was reasserting itself. The Labor Department said on Thursday its Consumer Price Index fell 0.2 percent last month after slipping 0.1 percent in August. In ...

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Economist: With low gas prices, presidential candidates aren’t talking about energy policy

Low gasoline prices mean that energy policy has taken a back seat to other issues on the 2016 presidential campaign trail, said economist Bernard Weinstein. Gasoline prices have tumbled to below $2 per gallon in the Dallas area, where Weinstein lives, and now average $2.42 per gallon in Billings, according to gasbuddy.com. A steep decline in oil prices that started ...

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Retail gasoline prices in Texas, nationwide down 2 cents

COPPELL, Texas — Retail gasoline prices across Texas and nationwide have declined 2 cents per gallon this week. AAA Texas on Thursday reported the statewide average slipped to $2.04 per gallon. Prices at the pump across the U.S. settled at $2.29 per gallon. Texarkana has the cheapest gasoline in Texas at an average $1.96 per gallon. Drivers in Amarillo are ...

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The return of cheap gas prices

Craig Hall was travel-tired as he pumped gas at a Shell station on Harper Road — crapped legs, sore back and strained eyes. However, there was a bright spot in his road travels from Ohio to the sandy beaches of Wilmington, N.C. — gas prices. The farther south Hall traveled, the cheaper gas prices became, he said. Over the last ...

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BP restarts part of Indiana oil refinery after repairs

SOUTH BEND, Ind. — A large Indiana oil refinery whose unplanned shutdown for repairs earlier this month caused gasoline prices in the Great Lakes region to spike restarted Tuesday, leading experts to predict a quick drop in prices. BP issued a news release Tuesday saying it has safely restarted a large crude distillation unit at its refinery in Whiting, 15 ...

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U.S. producer prices rise as oil price drag slows

WASHINGTON – U.S. producer prices rose for a third straight month in July, suggesting the drag on inflation from weaker oil prices was easing. The Labor Department said on Friday its producer price index for final demand increased 0.2 percent last month after increasing 0.4 percent in June. An increase of 0.4 percent in services prices, which offset a fall ...

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Gas prices to rise across Midwest

WHITING — Filling your tank suddenly became a lot costlier because of an unplanned outage at the BP Whiting Refinery. A 250,000 barrel-per-day crude distillation unit went down because of a mechanical breakdown, and it’s not immediately clear how long it will take to fix, according to sources familiar with the situation. The unit that malfunctioned is the largest of ...

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