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gamesindustryblog.com May 24, 2017


AAA: Gas prices to remain steady until spring

14 February 2017, 12:42 | Candice Butler

AAA: Gas prices to remain steady until spring

AAA: Gas prices to remain steady until spring

The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.31 per gallon.

Of the major metropolitan areas surveyed in Texas, drivers in El Paso are paying the most on average at $2.16 per gallon while drivers in San Antonio are paying the least at $2.01 per gallon. "The national average typically rises 35-65 cents from its low price, usually in February, through Memorial Day, and there's no reason to believe the same won't happen this year, so buckle up". The average price for a gallon of gasoline in Midland-Odessa is $2.09.

But with spring training and spring break fast approaching, expect prices to start to rise in the near future.

Gas prices are up this week - and experts say it's because of cuts in oil production. "OPEC's cuts are being offset by increases in domestic oil production, high gasoline and oil inventories, and a drop in gasoline demand". USA crude oil production averaged an estimated 8.9 million barrels per day (b/d) in 2016.

Japan's Shinzo Abe criticized for 'golf summit' with Donald Trump
Abe will say "no" to the bilateral option but I don't think he will say it is a good idea, either", one Japanese official said . And just recently, Trump accused Tokyo of using monetary policy to devalue its currency to benefit Japanese exporters.

WTI crude closed at $53.86 on the NYMEX on Friday, up only 3 cents from last week's close, but $12.89 above one year ago.

Gas prices are climbing in Metro Detroit, according to new AAA data.

U.S crude oil production is forecast to average 9 million barrels per day in 2017 and 9.5 million barrels per day in 2018.



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