U.S. Secretary of the Interior Ryan Zinke today announced the next step for developing the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024.
Mid-Atlantic drivers will see Stars and Stripes this weekend, as well as the lowest gas prices for Independence Day since 2005.
The national average price of gasoline increased slightly over the past week, and has reached a new high for 2016.
Gas prices are at their highest levels in more than six months, and the national average has remained above $2 per gallon for 46 consecutive days.
Gas prices in Virginia moved higher by nine cents per gallon on the week and 15 cents more per gallon on the month.
Gas prices in Virginia are still below $2 a gallon, even as record-high demand has pushed the national average to $2.13 per gallon.
While the national average has dropped, regional gas prices have been yo-yoing as stations receive summer-blend gasoline.
Gas prices have increased largely due to seasonal increases in fuel demand and reduced production as some refineries conduct maintenance.
A recent increase in gas prices is due to a decline in gasoline supplies, relatively strong demand and continued refinery maintenance.
Gas prices nationally have climbed by six cents per gallon versus one week ago and are likely to continue to rise as the spring refinery maintenance season ramps up.
Mid-Atlantic gas prices continue a slow decline, with areas in Virginia breaking the sub-$1.50 barrier.
Gas prices in the region continue to decline, but the party may be coming to an end sooner than many would like.
President Obama’s new proposal to tax oil and potentially raise the price of a gallon of gas by up to 25 cents is harmful.
National average gas prices have now spent 37 consecutive days below the $2 per gallon benchmark.
Gas prices have spent more than 30 consecutive days below $2 per gallon as pump prices are headed toward the lowest mark in six years.
Gas prices throughout the Mid-Atlantic region continue their steady decline and within the next week or two may all be under the $2 mark.
Oil prices continue a 14-month dip, revolutionizing prices at the gas pump. Today’s national average price is $1.90, down 7 cents from last week.
Gas prices rang in the New Year by reaching the lowest average price ($1.997) for the holiday since 2009.
Mid-Atlantic drivers are paying the lowest average price for regular unleaded gasoline since 2009, and the national average is one cent away from dropping below $2 per gallon.
The national average gas price dropped below the 2015 low price of $2.03 and should soon fall below the $2 per gallon mark for the first time since 2009.
The national average gas price remains poised to fall below $2 per gallon by Christmas, and Virginia is already well within that benchmark.