Gas price war erupts on Houston's south side

The station supervisor at the Chevron told ABC13 they dropped prices in response to the Texaco lowering prices - they kept going until the prices hit 79 cents.

So, about all those warnings from petroleum analysts predicting gas prices would rise 30 cents per gallon by the end of March?

The overall drop in oil prices last week was glaring: for the first since time November, crude oil prices traded under $50 per barrel, almost a 10% week on week decline in price.

Consumers could see a 10-cent drop in retail gasoline prices before a sharp rise expected by Memorial Day, according to AAA.

Enid gas prices range from $1.94 to $2.39 on average in the last day or so. Almost 10% of USA gas stations charged less than $2.00 a gallon, as of Monday morning. This compares with the national average that has fallen 1.3 cents per gallon in the last week to $2.29/g, according to gasoline price website GasBuddy.com.




In metro Albany, drivers were paying $2.113 Monday, also down a half-penny in a week and seven-tenths of a cent more than February 13.

That's mostly because refineries across the nation are preparing to undergo seasonal maintenance to produce cleaner-burning gasoline for the summer.

On Friday, a barrel sold for $48.49, the lowest price since November.

"The oil market suffered a "mini collapse" last week, following reports of a record build in domestic crude oil", AAA spokesman Mark Jenkins said.

DeHaan said he remains optimistic that the annual spring rally at the pump could be less severe than expected, but added that is remains hard to know where the new path will lead oil prices in the week ahead. So far, the average has remained steady at about $2.28. Ohio's prices dropped 7.4 cents per gallon from the previous week. That did not happen, with the US average falling 2 cents a gallon in the last week to $2.29 this morning. At this time in 2016, the state average was $1.912.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Netherlands cancels Turkish foreign minister's flight for campaigning visit
Commenting on the incident, President Erdogan labelled the Dutch authorities as "Nazi remnants" and "fascists". The Minister added that Turkey would give the Netherlands "the response it deserves".

Boeing unveils the 737 MAX 9
It is the fastest-selling airplane in Boeing history, accumulating more than 3,600 orders to date from 83 customers worldwide. In case, the company was to launch the jet, it would be one of five variants of its upgraded single-aisle 737 jet family.

500kg woman undergoes weight-loss surgery
Eman is getting about 1,750kcal every day, which is on a par with the average calorie intake of a woman - 1600-200Kcal. Because Abd El Aty had no other option left, she tweeted about her problem, and this is how her story got exposure.

Dusseldorf train station axe attack injures at least five, man arrested
Photos and videos have emerged showing what appears to be an injured person lying on the train station floor. "Station closed. Regional police said on Twitter that Dusseldorf's station is now closed due to a "comprehensive" police response there.

Joe Biden Is Back and Ready to Take Down Cancer
In a rallying cry to convince the "most innovative minds in the world" to join him in his efforts, Biden conveyed a message of hope on Sunday afternoon in Austin , Texas.

RadioShack files bankruptcy again; will close about 200 stores
This includes reducing operating expenses by 23% in 2016 and gross profit dollars going up by 8% during that year. RadioShack closed 2,400 stores in its 2015 bankruptcy filing.

Arsenal ease pressure on Wenger, City stroll into semi-finals
We were killed by the referee . "That's why I maintained 90 per cent of the players in the starting line-up. I am just focused on the next game".

South Korea scandal: President Park Geun-hye to discover fate
South Korean President Park Geun-hye finds out Friday whether a court will remove her from office over a corruption scandal or allow her to complete her term.

Advanced Micro Devices, Inc. (AMD) Reviewed By Analysts
Its Director, 10% Owner MUBADALA DEVELOPMENT CO PJSC sold 45,000,000 company shares for 613350000, in a transaction on 2017-03-03. Quotient Investors LLC acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $2,376,000.

Top US prosecutor fired after refusing White House order to quit
Bharara has made public corruption and insider trading an emphasis since President Barack Obama appointed him midway through 2009. Attorney's Office spokeswoman Melodie Rydalch said Saturday that the department is not commenting on the matter at this time .

Taylor Swift Stalker Arrested After Hiding on Singer's Roof
In court papers, Swift also states that Jaffar returned two other times, ringing her buzzer for up to an hour straight. Jaffar was finally arrested on March 6 on stalking and burglary charges and is being held on $20,000 bond.

USA appears to root for Kurdish support in Raqqa push: Turkey
It comes amid renewed Turkish threats to hit USA -backed Syrian Kurdish targets in the northern Syrian city of Manbij. Hulusi Akar, Turkish army chief, were conferring in Antalya when the Rangers landed in Syria.

Starbucks gets artsy with spring bevy cups
SBUX says that the colors were chosen to represents the few burst of color that start to appear after a long, gray winter. The color of the cups will be dependent on size; a tall comes in green, blue for grande cups and yellow for venti cups.

Pacer Advisors Inc. Cuts Stake in American Airlines Group, Inc. (AAL)
Meanwhile, SVP Chief Marketing Officer Nocella Andrew P sold 492 shares worth $23370, through a transaction dated 2017-02-16. O Shaughnessy Asset Management LLC raised its stake in shares of American Airlines Group by 252.9% in the second quarter.

Northwestern doesn't hold back in celebrating first tournament bid
If there's one thing that we've seen throughout the season, it's been that any team can beat another on any given night. The Wildcats will begin defense of their title in Buffalo against the victor of the play-in game between Mount St.


More News

News
More News