Locator map of the Harrisburg metro area in the south central part of the of . Red denotes the Harrisburg-Carlisle Metropolitan Statistical Area, and yellow denotes the Lebanon Micropolitan Statistical Area, which is included in the Harrisburg-Carlisle-Lebanon CSA. (Photo credit: Wikipedia)
The lowest price for gas in the area continues to be $3.29 a gallon, according to GasBuddy.com.
Gas prices in the Philadelphia region are falling — and if that trend continues, the price could soon dip below $3 a gallon at some stations.
GasBuddy is reporting prices as low as $3.05 this morning in Woodbury, Gloucester County. Gas can be found for $3.11 at other stations in South Jersey, and as low as $3.28 in the Pennsylvania suburbs and $3.29 in Northeast Philadelphia.
The average price for a gallon of regular gasoline in the Philadelphia area is $3.46 in Pennsylvania and $3.24 in New Jersey, according to AAA.
WASHINGTON – The average price of a gallon of regular gasoline has jumped 45 cents in the past 31 days, according to AAA, the fastest run-up since 2005.
Retail gasoline prices have climbed for 33 days in a row. A month ago, a gallon of regular gasoline cost $3.30; on Tuesday it stood at $3.75 nationwide.
Gasoline prices have risen to within a nickel of $4 a gallon in the District of Columbia as pump prices nationwide have been marching higher – the result of refinery closures and maintenance, lower oil production by Saudi Arabia, market anxiety about tensions in Iran and Iraq, and guarded optimism about the prospects for economic recovery in the United States, Europe and China.
Falling gas prices have brought a little bit of holiday cheer at the gas pump where many in the region had grumbled while the price of unleaded hovered around the $4 mark.
The average price of unleaded regular has dropped to $3.75 a gallon in the Buffalo area, down from $3.89 a month ago, according to GasBuddy.com, which tracks gas price trends across the country. Nationally, the average price was down to $3.27 a gallon as of Saturday.
The downward trend can be attributed to two things, according to Gregg Laskoski, senior petroleum analyst for GasBuddy.com.
English: basic map of USA (Photo credit: Wikipedia)
NEW YORK — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
The boom has surprised even the experts.
“Five years ago, if I or anyone had predicted today’s production growth, people would have thought we were crazy,” says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.
This map shows the incorporated areas in Los Angeles County, California. Torrance is highlighted in red. I created it in Inkscape using data from the Los Angeles County Website (Los Angeles County Incorporated Area and District Map (PDF). (Photo credit: Wikipedia)
California’s average gasoline price set a record Saturday of $4.614 for a gallon of regular, up 12.8 cents overnight – but anyone who filled up in the last few days probably isn’t surprised.
Gasoline prices skyrocketed after the Exxon Mobile refinery in Torrance was knocked offline Monday by a power outage. Other lingering refinery and pipeline problems also contributed to the soaring costs at the pump.
The global oil balance is already tighter than forecasters expected just a few months ago, because of disruptions in oil output from nations outside the Organization of Petroleum Exporting Countries and by the effectiveness of sanctions against Iran, which is exporting about 750,000 to 1 million fewer barrels a day than it was a year ago.
“The story has been one of a strong stock market, a weaker dollar and continuing geopolitical events,” said Adam Sieminski, head of the federal Energy Information Administration.
He said political strife in Syria, Yemen and Sudan cut off some supplies while the latest price surge was “driven by central bank moves in both the U.S. and Europe” and by “optimism about the economy, which changes expectations about what demand will be going over the course of the next six to 12 months.”
The storm swiped south Florida on Sunday before moving into warm Gulf waters, where it is expected to strengthen into a hurricane.
On its current track, Isaac was due to slam into the Gulf Coast anywhere between Florida and Louisiana by Tuesday night or early Wednesday, the seventh anniversary of Katrina hitting New Orleans, the U.S. National Hurricane Center said.
“The weather is going to go downhill well in advance of that and that’s why today is the day of preparation,” said NHC director Richard Knabb.
Prices at the pump have been inching higher all month, but don’t expect the trend to continue, according to AAA.
The summer driving season spikes demand and tends to push prices higher, and the recent rise may have been partly fueled by concerns about a possible confrontation with Iran over its nuclear program, according to the drivers’ association.
The outlook, though, is for prices to stay level through Labor Day.
At the end of June, a gallon of regular averaged 3.40 a gallon in the five-county Philadelphia area.
For the third straight year, it hosted thousands of quilters.
And, this spring, the downtown Lancaster center will be the backdrop for conservative commentator Glenn Beck, Republican presidential candidates Mitt Romney and Rick Santorum and former British Prime Minister Tony Blair in three separate events.
Life is good at the convention center right now, Marketing Director Josh Nowak told Lancaster Convention Center Authority board members Thursday.
Editor’s note: $19.20 to drive across North Carolina and gas is more than $3.50 a gallon! This will push more people to trains, buses and airplanes OR onto alternate routes.
Plans to charge a toll on Interstate 95 in North Carolina will make it more difficult for businesses to quickly and cheaply ship goods up and down the East Coast’s chief thoroughfare, critics say.
North Carolina, Virginia and Missouri all are considering tolls as a way to pay for expanding and upgrading interstates. Supporters say drivers from other states will pay much of the costs.
But like most highways, I-95 is itself a hub of businesses drawn to the asphalt link to markets from Maine to Florida.
Food Lion, Wal-Mart, and Lowe’s are some of the companies with North Carolina distribution centers, each employing hundreds of workers, near the highway. The world’s largest hog slaughterhouse operated by Smithfield Foods and one of the nation’s largest food-service distributors for restaurant chains built near the interstate.
For the fiscal year that ended June 30, SEPTA‘s buses, subways, trolleys, and trains had about 334 million passengers, up 4 percent from the previous year and the most since 345 million in fiscal 1989.
SEPTA officials credited service improvements, higher gasoline prices, Center City population growth, and a growing use of transit by young adults.
To read the entire article from Philly.com, click here:
This is a big part of the problem with the economy. Companies like Exxon are profiting on the backs of our economic recovery. High gas prices have increased the cost of most items and taken a huge chunk out of the average American’s discretionary income. Discretionary income is what American’s have to spend after paying taxes and bills. Less discretionary income means people shop less, eat out less, take fewer trips, and cut back overall to close the ever-widening gap caused by rising gasoline prices.
So Exxon comes along and announces they made almost $11 billion dollars in profits for the first quarter after we just learned that economic growth was stunted, in part, from high gas prices. I am not advocating a departure from capitalism, however in light of the recent economic downturn; maybe these behemoth companies might make a little less profit so the economy can recover!
What I find hysterical is that Exxon officials know this news will “P-O” the public and are wondering how to “spin” the negative effects of their greed. You deserve all the negative publicity you get!
I am not surprised to learn that Atlantic City is taking a huge hit from all the recent casino development in surrounding states. Rising gas prices and a major recession are not helping things either.
Pennsylvania, under Fast Eddie, became a gambling state. Our casinos are spread out across the state, not all in one place. This seems to be a better strategy than New Jersey. 10 casinos are now operating in Pennsylvania. Atlantic City has 11.
I am sure Atlantic City depended on throngs of people from Pennsylvania coming there to gamble and spend money. Pennsylvania may very well pass Atlantic City as the number two gambling market in the U.S. in the years to come. Pennsylvania casino income is expected to grow to $2.7 billion dollars in 2011 while Atlantic City’s 2011 casino income is expected to fall to $3.09 billion dollars.
The last time I drove to Atlantic City, it was a ridiculously expensive trip. Bridge tolls, Atlantic City Expressway tolls, parking and gas made it a $50 trip before I set foot in a casino or shop. I went down for an afternoon to meet friends from high school who were staying at a casino. I will not be making that trip again.
Time will tell if Atlantic City can rebound or if Pennsylvania will unseat Atlantic City as the number two spot in the U.S. for gambling.
This should make us all proud. Pennsylvania was ranked 7th out of the 50 states for doing the most to reduce our dependence on oil. Because Pennsylvania funds public transit systems (like PART and SEPTA) and because of setting renewable fuel standards we earned high marks. California ranked number 1 while Alaska was number 50. Pennsylvania drivers spend 3.4% of their income on gas, which is the 8th lowest percentage in the country!
The benefit of economic recovery is increased gasoline prices. We should expect to see gas hit $3.00 a gallon or higher by the summer. Pennsylvania has a .31 cents a gallon gas tax. We could actually see prices top $3.00 a gallon.
Any complicating factors like oil production being disrupted by hurricanes or unrest in the Middle East could cause prices to increase further.
This information is according to the US Energy Information Administration. The EIA was created by the Congress in 1977 and is the statistical agency of the U.S. Department of Energy. The EIA is the nation’s premier source of unbiased energy data, analysis and forecasting.
FYI… AccuWeather is predicting an above average hurricane season for 2010 with 2-3 major strikes to the US coastline. Hurricane season begins June 1st and lasts through November 30th.
As I made my way down Grace Street a few minutes ago, a mini van was taking their half out of the middle of the road and more. I am always amazed that people still drive these jumbo vehicles that waste gas and more often than not, they can’t drive because it’s too big. Parking must be a bee.