U.S. Gas Prices Up 20 Cents Over 2 Weeks
By
The SFGate is reporting: “Gasoline prices have gone up an average of 20 cents per gallon nationwide in the past two weeks.
The retail price of self-serve regular gas rose to $2.55 cents per gallon, according to the latest Lundberg Survey released Sunday.
As of Friday, a gallon of midgrade gasoline averaged about $2.66, and premium cost nearly $2.76, according to the survey of 7,000 gas stations across the country.
Nationwide, the highest average price for regular gas was $3.10 per gallon in San Francisco. The lowest, at $2.22 per gallon, was in Anchorage, Alaska.
Concerns over falling gasoline inventories from decreased refinery production and fewer imports have boosted oil and gasoline prices lately. On Wednesday, the government reported that total U.S. motor gasoline inventories fell by 3.8 million barrels to 216.4 million barrels, a sharper decline than the 1.4 million barrel drop that analysts had expected.”
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Happy days are here again!
10 Comments
March 12th, 2007 at 7:48 am
And just in time for summer.
Amazing coincidence, no?
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March 12th, 2007 at 2:21 pm
It will be interesting to see what happens this summer. Hopefully things won’t get too crazy.
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March 12th, 2007 at 3:50 pm
I’m buying biodiesel for $3.25 per gallon. Don’t forget the hidden cost of gasoline — arab wars, pollution, global warming to name a few. Basically, in my opinion, gasoline is unsafe at any price.
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March 12th, 2007 at 6:08 pm
writ: have you considered making your own biodiesel?
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March 12th, 2007 at 6:11 pm
syntax…
have you ever heard of the BATF?
they take a really dim view of that.
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March 12th, 2007 at 6:29 pm
bill – i’ve heard of batf, sure. shit, after waco, who hasn’t?
apart from the fact that they might be a little weirded out by joe citizen having a 55-gallon drum of ethanol in his backyard, i’m just not entirely sure why the atf would have a problem with homebrew biofuel.
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March 12th, 2007 at 6:51 pm
hi syntax,
yes, there are a lot of home brewers in my state. i don’t really have the space or time to get set up for home brewing. and i think if you truly account for all the work, equipment and time on homebrewing it is far from the “free fuel” that some people tout that it is. i’ve only been paying a small premium to regular diesel and i think it is worth it. over time, i think biodiesel will come down in price. though it will always be tied to the price of regular diesel.
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March 13th, 2007 at 5:23 pm
Syntax…
Because, for some perverse reason (tax revenue, of course) they care very much and are getting more aggressive with those who do not fill out the 2″ stack of forms required.
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March 13th, 2007 at 7:04 pm
bill: so, conversely, would the batf be concerned with someone who has a straight veg oil engine conversion kit installed in their early eighties mercedes turbo diesel and a tank with a filter pump in their garage? you’re avoiding the chemistry – and, possibly, the ire of whatever government agency that wants its cut – that way, i would think.
i’m still confused as to why the atf would be interested in d.i.y. biofuels… it would make more sense to me if it were the department of energy, maybe even the epa. but the atf?
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March 14th, 2007 at 8:28 am
I am interested too. I don’t know the answer, I am just reporting what I have read.
They are, apparently interested.
Why should the DEA care about possession of a flower? They do too.
If we knew the answers to these my friend, we would be king.
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