On the National Front
Today’s national average price at the pump is $3.67 per gallon. This is two cents more than last week, 14 cents more than one month ago and 15 cents more than the same date last year.
Refineries are required to start producing summer-blend gasoline by May 1, 2014, and in anticipation of this date often go offline for scheduled maintenance at this time of year.
This decrease in supply can cause prices in certain areas to rise, but fluctuations have been minimal thus far this season.
Over the past few days, a number of refineries had to temporarily shut down or restart in order to perform unscheduled maintenance.
These supply disruptions during the planned changeover have the potential to put additional upward pressure on prices, and are worth monitoring as we approach the switchover deadline and enter peak driving season.
Global crude oil price remains elevated as Russian and Western powers attempt to broker a deal over the situation in Ukraine.
Tensions remain as both sides exchange accusations about which side first violated last week’s perceived deal, and yesterday Vice President Biden arrived in Kiev warning of new sanctions.
West Texas Intermediate (WTI) crude is moving with less certainty about changes in price.
At the close of formal trading on the NYMEX Monday, WTI closed up 7 cents per barrel at $104.37.
This week’s Western PA average price:
Average price during the week of April 15, 2014:
Average price during the week of April 23, 2013:
The following is a list of the average price of unleaded self-serve gasoline in various areas:
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