Prices of Gas Level Off

With the end of the summer driving season in sight, prices of gasoline is almost unchanged since last Friday.  The national average price of self-serve regular today is $2.77 a gallon.  That is down less than a penny from last Friday according to AAA.  Prices are more than a nickel higher than a month ago.  The price of diesel fuel is $2.998 a gallon which is two cents higher than a week ago.  Supplies remain ample in the U.S. as the Labor Day weekend approaches.  In the last week, the Energy Information Administration reports U.S. gasoline stockpiles rose by 400,000 barrels- a larger than expected increase.  Taking their cue from crude oil, gasoline prices have remained stable as oil has traded in a range between $70 and $80 a barrel.  Oil prices have been unable to maintain upward momentum because of doubts about the global economic recovery.

Short URL: http://newsplethora.org/?p=2554

Posted by newsplet on Aug 14 2010. Filed under Featured News, Shopping. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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