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Yikes! Passed my cheap go to station yesterday morning and it was $2.629. Was busy yesterday after work so waited until today. $2.729. Everyplace else went up about a dime overnight.

PO
 
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Source: AAA
Gasoline demand, meanwhile, was at a high 9.8 million barrels last week, just shy of the record of 9.86 million barrels, and it is expected to rise during the summer. Analysts say low unemployment and tax breaks could be pushing up demand as more people drive to jobs and vacations.
"Certainly, we could see several weeks this summer where gasoline demand is in excess of 10 million barrels a day…We could see new weekly records set this summer," said Andrew Lipow, president of Lipow Oil Associates. Refineries are running at a high level, and utilization has been running over 90 percent.

https://www.cnbc.com/2018/05/11/gas...prices-at-4-year-highs-and-record-demand.html
 
Brent oil prices shoot past $80, with market rattled by Iran supply worries

Published: May 17, 2018 7:50 a.m. ET

Brent crude prices climbed past $80 a barrel Thursday, as Washington’s decision to reinstate sanctions on Iran continued to fuel a rally that has pushed the market to 3½-year highs.
Brent crude LCON8, +0.79% , the global oil benchmark, was up 0.8% , or 74 cents, at $80.02 a barrel on London’s ICE Futures exchange, revisiting an earlier move past $80, its highest level since November 2014. On the New York Mercantile Exchange, West Texas Intermediate futures CLM8, +0.84% were up 66 cents, or 0.9%, at $72.14 a barrel.[more]

https://www.marketwatch.com/story/b...ket-rattled-by-iran-supply-worries-2018-05-17
 
Average price of US gas jumps 10 cents, to $3 a gallon



Associated Press•May 20, 2018

CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the past three months.
Lundberg says the increase is largely driven by higher crude oil costs and the phasing-in of summer-grade gasoline, which is used to prevent smog.
The highest average price in the contiguous 48 states was $3.79 in the San Francisco Bay Area. The lowest was $2.54 in Baton Rouge, Louisiana.
The average price for diesel fuel rose 9 cents, to $3.23.

https://www.yahoo.com/news/average-price-us-gas-jumps-172505866.html
 
I guess the oil companies wanted more profit. With increased stare and federal taxes on gas, maybe Trump will reach Obama's goal of $8/gal...

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Gas here on the North Coast has actually dropped a few pennies per gallon. One station at $2.79 but most everybody hovering around $2.80-$2.85
 
Ouch this!!:eek:

Gas hits $5 a gallon in New York City


http://www.fox5ny.com/news/gas-hits-5-a-gallon-in-new-york-city
 
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