Mexican Media Brands
Runup in U.S. Fuel Prices Slows
Gasoline prices in the U.S. rose only one cent last week, the smallest weekly gain since mid-February, says auto insurer AAA.
#economics
Share
Gasoline prices in the U.S. rose only one cent last week, the smallest weekly gain since mid-February, says auto insurer AAA.
The price average has climbed about 34 cents per gallon to $2.84 since early February, although it is only 8 cents higher than it was at this time last year. Current per-gallon averages range between $2.50 in Alabama and $4.03 in California.
Experts blame this year’s runup in part on refinery maintenance and the seasonal switch to less volatile blends for the warmer weather ahead. Worries about how U.S. sanctions on Iran will affect global petroleum supplies also have been factors.
U.S. gasoline supplies remain tighter than they were at this time last year. Inventories of crude oil also are smaller, AAA notes. It cautions that fuel prices will continue to increase this summer until stocks of oil and refined products expand again.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.