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Friday, August 8, 2014
ENP STAFF REPORTS
news@eastniagarapost.com
Lockport area gas prices fell about five cents to $3.72 a gallon, according to AAA East Central’s weekly Fuel Gauge report.
The average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was 3.719, down from 3.765 last week and 3.818 this time last year.
Across the U.S. for the first time since March 12, the national average price for unleaded gasoline dropped below $3.50 per gallon ($3.4997). Today’s national average is at the lowest level for early August since 2010. Today’s price is two cents less than one week ago, 16 cents less than one month ago and 12 cents less than the same date last year.
Oil market watchers continue to monitor the Middle East and northern Africa, paying special attention to growing tensions in Eastern Europe. United States and European powers last week announced coordinated sanctions targeting Russia’s long-term ability to develop new oil resources in response to the country’s involvement in the insurgency in eastern Ukraine.
West Texas Intermediate (WTI) oil prices settled 41 cents higher on Monday at $98.29 per barrel.
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news@eastniagarapost.com
The average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was 3.719, down from 3.765 last week and 3.818 this time last year.
Across the U.S. for the first time since March 12, the national average price for unleaded gasoline dropped below $3.50 per gallon ($3.4997). Today’s national average is at the lowest level for early August since 2010. Today’s price is two cents less than one week ago, 16 cents less than one month ago and 12 cents less than the same date last year.
Oil market watchers continue to monitor the Middle East and northern Africa, paying special attention to growing tensions in Eastern Europe. United States and European powers last week announced coordinated sanctions targeting Russia’s long-term ability to develop new oil resources in response to the country’s involvement in the insurgency in eastern Ukraine.
West Texas Intermediate (WTI) oil prices settled 41 cents higher on Monday at $98.29 per barrel.
Send an email to news@eastniagarapost.com with "email update" in the subject line.
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