Energy Sector

US average gasoline price slips to lowest since January 25

The average price of regular gasoline in the United States has slipped over the recent past, following a decline in crude oil price, thanks to diplomatic progress regarding Iran and Syria.

According to Camarillo, California-based Lundberg Survey Inc., the average price of regular gasoline slipped by 6.4 cents to $3.5207 per gallon in the two-week period ended September 20. It was the lowest price since January 25.

The average price of the fuel is nearly 31 cents below the year-ago price of $3.8338 per gallon.

U.S. average gasoline price unlikely to fall below $3 a gallon: AAA

Average national gasoline price in America is unlikely to fall below $3 per gallon anytime in the near future, according to a fresh report by AAA.

AAA report, released on Tuesday, said the national average price of regular gasoline was more than $3 per gallon for the 1,000th consecutive day.

The report by the automobile club also predicted that the average price of the fuel would remain above $3 a gallon for at least another 1,000 days, unless something unforeseen happens.

Californian drivers enjoying lower gasoline prices: survey

Californian drivers are nowadays paying less for regular gasoline at pumps than what they were paying at the same time last year, according to fresh stats.

Fresh stats released by the Automobile Club of Southern California revealed that gasoline prices at the majority of pumps are currently under $4 per gallon, and prices of the fuel dropped by nearly one penny per day in the last few days.

U.S. gasoline jumps 0.61 cents to $3.5908 a gallon: Lundberg Survey

U. S. motorists saw a considerable increase in regular gasoline prices in the past three weeks as world geopolitics added risk to the fuel, Camarillo, California-based market researcher Lundberg Survey said.

According to Lundberg's latest survey, regular gasoline's average price at U. S. pumps increased 0.61 cents to $3.5908 per gallon in the past three-week period ended July 12.

Brent Crude improves slightly after falling below $100 a barrel

Prices of crude oil made a slight gain in Monday morning trading in London, after Brent crude fell below $100 a barrel on account of China's weak economic data.

Earlier, Brent slipped nearly 0.7 per cent to $99.66 per barrel after Chinese manufacturing index showed poor growth in the sector.

On May 31, the Organization of Petroleum Exporting Countries (OPEC) maintained its production ceiling of 30 million barrels per day.

Commenting on the decline in Brent crude prices, analysts said that there was a fear that there could be oversupply of the commodity.

Soaring gas prices surprise market watchers

Increasing prices of gas in the United States has surprised market watchers, as prices are moving up at a time of the year when they typically moderate.

In Yankton, the average price of unleaded gasoline has jumped 32 cents per gallon within the last seven days and by whopping 62 cents per gallon within the last two weeks.

Prices of the fuel in Iowa, North Dakota, South Dakota, Ohio, Oklahoma, Minnesota, Missouri, Nebraska and Wisconsin have jumped by up to 40 cents per gallon during the last one-week period.