• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 2 mins *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 7 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 16 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 3 hours Socialists want to exorcise the O&G demon by 2030
  • 6 hours Maritime Act of 2020 and pending carbon tax effects
  • 22 hours Chevron to Boost Spend on Quick-Return Projects
  • 22 hours Conspiracy - Theory versus Reality
  • 1 day UK, Stay in EU, Says Tusk
  • 2 days What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 1 day Regular Gas dropped to $2.21 per gallon today
  • 2 days German Carmakers Warning: Hard Brexit Would Be "Fatal"
Alt Text

Extreme Volatility In U.S. Natural Gas Market Is Here To Stay

Despite some bearish forecasts, natural…

Alt Text

The Natural Gas Crash Isn’t Over

After having reached their highest…

Alt Text

European Gas Market Braces For Price Slump

European natural gas markets are…

Daniel J. Graeber

Daniel J. Graeber

Daniel Graeber is a writer and political analyst based in Michigan. His work on matters related to the geopolitical aspects of the global energy sector,…

More Info

Trending Discussions

Spring Fever Could Lead to Increase in Gas Demand

The national average price for a gallon of regular unleaded gasoline for Monday is the highest it's been since Sept. 11. Demand may increase along with the price at the pump for April, though a short-term plateau may be within site, AAA said.

Michael Green, a spokesman for AAA, told Oilprice demand for gasoline is expected to increase as a long winter starts to ease across much of the country.

"Given how cold it had been earlier in the year, it would not be surprising to see pent-up demand result in significant gasoline consumption in the coming weeks," he said.

Related Article: Relief in Sight for Gasoline Prices, AAA says

The U.S. Energy Information Administration said demand for gasoline for the week ending March 21 increased 5.7 percent from the previous week to 9 million barrels per day. With winter fading across much of the country, Green said demand should increase as the summer driving season starts to approach.

EIA said in its short-term market report U.S. gasoline consumption increased by 1.1 percent in 2013, the largest increase since 2006. For this year, EIA said consumption should remain relatively static, however, as drivers turn to more fuel-efficient vehicles.

Higher demand typically results in higher prices at the pump.  AAA reports a national average price for Monday at $3.56, the highest daily average since Sept. 11. The average price for a gallon of regular unleaded gasoline increased 49 out of 52 days for a total 29 cents per gallon. AAA said gasoline prices are up primarily because of seasonal refinery maintenance and the switch to the summer blend of gasoline, which is more expensive to produce.

Related Article: U.S. Gas Prices May Fluctuate if Canadian Bottleneck Eases

Gasoline prices for March averaged $3.50 for a gallon of regular unleaded, 5 percent higher than in February. AAA spokesman Avery Ash said in the motor club's monthly report the national average could reach as high as $3.75 per gallon, though $3.65 for April is more likely.  The spring peak is within sight, he said, but prices may continue to climb through the month.  The average price for the last full week of March 2013 was $3.74 and $3.59 for the end of April.

Parts of California saw the highest national price for a gallon of regular unleaded with $4.12 per gallon. Great Falls, Mont., had the lowest average price of $3.18. For the year, EIA said it expects a national average of $3.45 for a gallon of regular unleaded and $3.37 in 2015.

By Daniel J. Graeber of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News