Social Connect
Upcoming Events
Tuesday, August 19, 2014
ENP STAFF REPORTS
news@eastniagarapost.com
Lockport area gas prices dipped about a penny to $3.70 a gallon, according to AAA East Central’s weekly Fuel Gauge report.
The auto club reports the average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was 3.702, down from 3.711 last week and 3.759 this time last year.
With approximately one month remaining before the start of the shift from more expensive summer blend gasoline to the relatively less expensive winter blend on Sept. 15, the national average price for regular unleaded gasoline continues to drift lower and currently sits at $3.46 per gallon.
Geopolitical tensions remain in Russia, Ukraine and Iraq but these tensions have had little impact as global oil prices continue to slide. Global supply projections are relatively stable and attributed to the U.S. approaching its highest annual level of oil production since 1972 and Libya’s return to previous production levels. The price of West Texas Intermediate (WTI) settled 94 cents lower at $96.41 per barrel at the close of formal trading Monday. WTI had reached a six-month low of $95.58 per barrel last Thursday.
Get the daily East Niagara Post email update.
Send an email to news@eastniagarapost.com with "email update" in the subject line.
news@eastniagarapost.com
The auto club reports the average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was 3.702, down from 3.711 last week and 3.759 this time last year.
With approximately one month remaining before the start of the shift from more expensive summer blend gasoline to the relatively less expensive winter blend on Sept. 15, the national average price for regular unleaded gasoline continues to drift lower and currently sits at $3.46 per gallon.
Geopolitical tensions remain in Russia, Ukraine and Iraq but these tensions have had little impact as global oil prices continue to slide. Global supply projections are relatively stable and attributed to the U.S. approaching its highest annual level of oil production since 1972 and Libya’s return to previous production levels. The price of West Texas Intermediate (WTI) settled 94 cents lower at $96.41 per barrel at the close of formal trading Monday. WTI had reached a six-month low of $95.58 per barrel last Thursday.
Send an email to news@eastniagarapost.com with "email update" in the subject line.
Subscribe to:
Post Comments
(Atom)
0 comments:
Post a Comment
Comments are always appreciated. Your comment will be reviewed for approval before being made public.