Retail Heating Oil Price Up to Almost $2/gallon
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U.S. consumers will pay more to keep  their visiting guests warm with home heating oil this  Christmas, as the retail price for the fuel increased to almost  $2 a gallon, the Energy Department said on Wednesday.
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US average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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U.S. average retail gasoline prices rose more than 6 cents a gallon in the last two weeks, but further increases are likely to be modest in the short term unless OPEC cuts production again, according to an industry analyst.
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The. nationwide average price for gasoline rose closer to $2 a gallon the last week and diesel fuel hit a new high for a second week, the government said Monday.
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Oil prices rose $2 on Friday on renewed  concern over tight supplies of distillate fuels in all main  consuming centers ahead of the northern hemisphere winter.
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The average price for a gallon of gasoline in the United States rose about 6 cents over the past three weeks on higher global oil prices and capacity reductions at two refineries in the Midwest, an industry analyst said on Sunday.
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Crude oil prices rose 45 cents to $41.77 per barrel on the New York Mercantile Exchange. Heating oil futures were up by 1.13 cent to $1.2221 per gallon on Nymex.
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The average U.S. retail price of  gasoline rose slightly over the last two weeks to almost $1.88  a gallon -- the first increase reported since late May,  according to the nationwide Lundberg survey of about 8,000 gas  stations.
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Oil prices rose $2 on Tuesday on worries over tight inventories in the United States, the world's biggest energy consumer, and a threat of violence in Nigeria's oil region.
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Average Massachusetts gasoline prices have dropped 22 cents in the past month, and the leading oil retailer in New England had a motorist-delighting prediction yesterday: Gas could well be $2 a gallon by January.
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The average US retail price of gasoline rose slightly over the last two weeks to almost $1.88 a gallon -- the first increase reported since late May, according to the nationwide Lundberg survey of about 8,000 gas stations.
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Oil surged $1, toward $60, on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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U.S. retail gasoline prices jumped  passed $1.90 a gallon for the first time since early December  and diesel fuel costs rose to the highest level in seven weeks,  the Energy Department said on Monday.
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The price of gas inched up just over 2 cents a gallon around the nation in the past two weeks.
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The average price of a gallon of gasoline has spiked 5 cents over the past two weeksin the United States, a national survey said Sunday.
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Oil prices jumped to the highest level in two weeks on Thursday, buoyed by a cold weather front in the United States and below-average stocks of winter heating fuels.
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The average U.S. retail price of  gasoline fell slightly over the last two weeks to about $1.86 a  gallon, restoring a trend of declines after a modest increase  late last month, according to the nationwide Lundberg survey of  about 7,000 gas stations released on Sunday.