Tag: crude oil

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AAA: Gas prices inch up, crude oil at 2015 high

The national average price for regular unleaded gasoline has inched up in recent days, as global crude oil prices rebounded to a new 2015 high.


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Gas prices continue free fall into 2015

The national average price of gas has fallen for a record 106 days to $2.17 per gallon (Friday), every day since September 25, which is the lowest average since May 8, 2009.


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Holiday cheer extends to lower gas prices

Holiday cheer has come early for the motoring public, with the average for gas at its lowest level in more than five years.Friday’s national average price for regular unleaded gasoline dropped to $2.45.


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Gas prices could drop below $2.50 nationwide by Christmas

Gas prices continue to drop across the country to the lowest levels in four years. The national average price of regular grade gasoline dropped eight cents in the past week to $2.71 Friday.


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Gas prices 50 cents lower than 2013

Gas prices continue to drop across the country to the lowest levels in four years. The national average price of regular grade gasoline dropped eight cents in the past week to $2.71 Friday.


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AAA: Gas prices continue downward trend for Thanksgiving return trips

As an estimated 41.3 million Americans and 1.2 million Virginians hit the roads this week for the Thanksgiving holiday, they will have filled their gas tanks at the lowest gas prices for the holiday since 2009.


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Thanksgiving gas prices lowest in five years

The price at the pump has dropped 86 cents from the 2014 peak of $3.70 (April 28). AAA predicts most U.S. travelers likely will pay the cheapest Thanksgiving gas prices in five years.


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Gas prices on longest consecutive decline since 2008

The national average price of gas has dropped for 50 days in a row (through Friday), a cumulative decline of 44 cents, which is the longest consecutive decline since 2008.


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Good news: Gas prices may remain low for most this winter

Good news: the low gas prices that you’re seeing at the pump this fall are not only likely to remain low, but could even fall past the holidays.


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Gas prices continue to drop below $3 a gallon mark: But why?

Prices at the gas pump continue to plummet. The national average price of gas today dropped below $3.00 per gallon ($2.995/gal) for the first time since Dec. 22, 2010.


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National gas prices under symbolic $3 per gallon average

At long last! Tomorrow, the national average retail price of a gallon of self-serve regular gasoline will drop below a dreaded psychological barrier – the $3 a gallon threshold.


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Gas prices lowest in U.S. in four years

With oil prices sharply lower over the last several weeks, the national average gas price has followed suit and has now dropped on 29 (through Friday) consecutive days.


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Gas prices: Another dime comes off price at the pump

Good news continues for motorists filling up at the gas pump this week. The national average price for regular unleaded gasoline dropped to $3.14 per gallon Friday, a new 2014 low. Friday’s average is ten cents less than one week ago, and 23 cents less than one month ago.


AAA: Gas prices at 2014 lows

Prices at the gas pump have slipped to new 2014 lows this week and signs indicate prices will head lower still. The national average price for regular unleaded gasoline dropped to $3.24 per gallon Friday. This price is the least expensive daily average of 2014 and the lowest gas price average since December 22, 2013.


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AAA: Gas prices dip below $3 a gallon in Richmond area

Gas prices have been on the downward trend across the country since the end of June. For the first time, since February 17, 2011, gas prices are averaging $2.98 per gallon in the City of Richmond; a savings of 11 cents compared to last year.


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AAA: Gas prices continue to fall into October

Prices at the gas pump continue to fall like autumn leaves across most of the country. The national average price for regular unleaded gasoline dropped to $3.32 per gallon Friday, down two cents in the past week and the least expensive daily average since February 12.


Warner, Kaine respond to proposed rulemaking on crude by rail

U.S. Sens. Mark Warner and Tim Kaine yesterday joined hundreds of stakeholders in responding to the Department of Transportation’s (DOT) request for public comment on new rules it has proposed related to transport of crude-by-rail.


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AAA: Gas prices fall into autumn

The national average price for regular unleaded gas dropped to $3.34 per gallon Friday, down two cents in the past week and the lowest price since Valentine’s Day.


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AAA: Gas prices continue downward trend

The national average price for regular unleaded gas dropped to $3.36 per gallon Friday, which is the lowest price for this date since 2010 when gas averaged $2.73.


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Gas prices falling into September: AAA

Ahead of the switch over to cheaper winter-blended fuel on Monday (September 15), the national average price for regular unleaded gasoline was $3.41 per gallon Friday, down three cents from the previous week.


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AAA: Gas prices reach six-month low

While the national average has remained flat over the last two weeks, consumers this week paid the lowest average gas prices since late February.


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Gas prices continue to fall heading into Labor Day weekend

Gas prices continue to head downward as nearly 30 million travelers take to the roads to celebrate the last travel holiday of the summer.


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Gas prices continue downward slide as end of summer approaches

Gas prices continue to slide as 29.7 million Americans prepare to make their last road trip of the summer during the upcoming Labor Day holiday weekend.


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Good news: Double-digit drops in prices at the gas pump

Gas prices have dropped by double digits in the past month and just in time for travelers wishing to take last minute vacations prior to the end of summer.


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AAA: Gas prices down 20 cents a gallon since late June

This week, for the first time since March 12, the national average price for unleaded gasoline has dropped below $3.50 per gallon. The national average price for regular unleaded gasoline dropped to $3.48 per gallon Friday, down four cents from last week.


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AAA: Where are gas prices headed from here?

Amid continuing geopolitical tensions in Eastern Europe, the Middle East and Northern Africa, American motorists are paying the lowest average retail price at the gas pump since mid-March.


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AAA: Gas prices rolling back as summer driving season rolls on

Despite international turmoil, prices at the gas pump continued a mid-summer slide. The national average price for regular unleaded gasoline decreased to $3.54 per gallon Friday, which is the lowest price since March 29.


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Warner, Kaine applaud DOT effort to improve oil by rail safety

Today, U.S. Senators Mark Warner and Tim Kaine applauded the measures announced by the U.S. Department of Transportation (DoT) to improve the safety of crude oil rail shipments.


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AAA: Gas prices in mid-summer slide

As predicted by AAA, the retail price at the gas pump continued to tick lower following the Independence Day holiday due primarily to lower crude oil costs as the situation stabilizes in Iraq.


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AAA: Have summer gas prices peaked?

Have gas prices peaked for the summer? All the telltale signs, tea leaves, gut-feelings and educated-guesses market watchers and energy analysts hazard to use point that way.


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Fourth of July gas prices highest in six years

Although the national average price of gas has remained relatively steady as we approach the Fourth of July holiday, prices at the pump remain at a six-year high for this time of year.


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AAA: Gas prices highest in six years

As we approach the end of the first full month of the 2014 summer driving season, the national price for regular unleaded gas is $3.68 per gallon, which is the highest price for early summer in six years (prices topped $4 per gallon in July 2008).


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Iraq civil war fuels higher gas prices

The Iraq civil war is fueling higher pump prices in the U.S. The national average price for regular unleaded gasoline rose to $3.68 per gallon Friday, up three cents from one week ago.


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Gas prices expected to tick up with July 4 holiday approaching

Motorists across the country will likely need to reach further down into their wallets to fill their thirsty tanks as the threat of rising gas prices are on the horizon; just in time for the upcoming July 4 holiday travel weekend.


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AAA: Iraq crisis could push gas prices up

This week marked the 50th anniversary of the modern self-serve fueling station with the national average price for regular unleaded gas dropping a penny from last week to $3.65 per gallon.


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AAA: Gas prices hold steady

Two weeks into the summer driving season, the national average price for regular unleaded gasoline is $3.66 per gallon, even with last Friday.


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AAA: Higher gas prices to start the summer driving season

The summer driving season started last weekend and motorists paid slightly more for gas at this time of year than in the previous two years ($3.66) – three cents more than in 2013 ($3.63) and two cents more than in 2012 ($3.64).


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AAA: Gas prices trending down toward Memorial Day

Motorists hitting the road this Memorial Day weekend will continue to see prices moving a little lower at the gas pump. The national average price for a gallon of regular unleaded gasoline Friday is $3.66, up a penny in the last week.


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AAA: Gas prices continue slide ahead of Memorial Day

Just in time for this week’s start to the busy holiday travel season, motorists across the country are finally feeling some relief at the gas pump.


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AAA: Gas prices may start trending downward

After weeks of steady increases, gas prices may have reached a springtime peak of $3.70 per gallon (April 28). The national average price of regular grade gasoline dropped two cents this week to $3.66 Friday.


Governor McAuliffe announces Railroad Safety and Security Taskforce

Today, Governor Terry McAuliffe announced the creation of the Commonwealth’s Railroad Safety and Security Taskforce. The announcement follows the April 30 derailment of a CSX train carrying crude oil shipped from the Midwest to Yorktown.


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Warner, Kaine on emergency action on crude rail shipments

U.S. Sens. Mark Warner and Tim Kaine released a joint statement following the U.S. Department of Transportation’s issuance of an emergency order requiring railroads transporting large amounts of Bakken crude oil to notify state emergency response officials.


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Senators call for improved rail safety, communication following Lynchburg derailment

U.S. Sens. Mark R. Warner and Tim Kaine called for improved safety for rail shipments of crude oil and increased collaboration with local first responders following last week’s derailment of 17 rail tank cars carrying crude oil in downtown Lynchburg.


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Gas prices highest in a year: But is relief in sight?

The national average price of gas this week reached a high of $3.70 per gallon, which was the most expensive price since March 20, 2013.


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Lynchburg train derailment cleanup continues

Recovery efforts continue along the James River today following yesterday’s derailment and fire involving a CSX train transporting crude oil through downtown Lynchburg.