Energy Output, Supply and Consumer Benefits
Posted January 12, 2015
U.S. Drivers Start 2015 with Cheapest Gas in Six Years
Bloomberg: Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps last week, the lowest level for this time of year since 2009, according to Lundberg Survey Inc.
Prices dropped 26.92 cents in the three-week period to Jan. 9 and are $1.14 a gallon below year-ago levels, according to the survey, which is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company.
Retail gasoline fell after crude oil prices dropped below $50 for the first time since 2009 as OPEC members said they wouldn’t reduce output to bolster prices that have dropped by more than half since June. U.S. stockpiles of gasoline at 237 million barrels were the highest since 2011 in the week ended Jan. 2, according to government data. Refineries across the nation ran at nearly 94 percent of operable capacity.
Read more: http://bloom.bg/1Ikf5Sl
More industry news:
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Editorial: On Keystone, Obama Has No Excuses Left: http://washex.am/1ASoRKp
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About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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