Tuesday, 23 October, 2018

Gas Prices Drop in the Midlands

Weekly Drop in Gasoline Prices a First for 2018 AAA Michigan: Statewide average gas prices fall 10 cents
Orlando Vargas | 15 February, 2018, 11:32

The price of a barrel of crude oil dropped $6 on the New York Mercantile Exchange last week, retreating from $65.45 on February 2 to close at $59.20 on Friday.

The average price here slid 2.1 cents to $2.85 a gallon, after six straight weeks of small increases that added 21 cents to the price per gallon here, GasBuddy said Monday.

Including the change in gas prices in Lansing during the past week, prices yesterday were 15.2 cents per gallon higher than the same day one year ago and are 28.8 cents per gallon lower than a month ago. "However, refinery maintenance season is fast approaching and could spoil this big break for motorists".

While gas prices usually increase in March, strong consumer confidence contributed to increased demand for gasoline this winter, according to a release from AAA.

AAA Michigan says gas prices statewide have fallen by about 10 cents per gallon in the past week. "Expect volatility at the pump as these forces collide".

"As the Dow Jones average swung violently, oil prices lost considerable ground, falling below $60 per barrel for the first time this year", said Patrick DeHaan, head of petroleum analysis for GasBuddy. According to the U.S. Energy Information Administration, prices began to shift midway through last week with gains in both domestic production and inventory.

Israeli Police Push For Prime Minister Netanyahu's Indictment On Corruption Charges
Labor Party Chairman Avi Gabbay said that "the Netanyahu era is over, either at the ballot box or through investigations". Justice Minister Ayelet Shaked said any prime minister who has been charged should not be obliged to resign.


Allegiant base coming to Destin-Fort Walton Beach Airport
DESTIN — Allegiant Airs Florida footprint is growing. "If you haven't been to Florida's emerald coast I highly recommend it". The seasonal flights will operate twice weekly from Blue Grass Airport (LEX) to Destin-Fort Walton Beach Airport (VPS).


Trump Proposes $686B for FY 2019 DoD Budget
The Pentagon also would invest more heavily in the ship-based Aegis system and the Army's Patriot air and missile defense system. The DOD is asking Congress for a $686 billion budget in fiscal year 2019; that's 10 percent over its current funding levels.


Oil prices struggled to recover Monday and closed up just 18 cents at $59.38.

Gas prices throughout Florida rose 7 cents early last week but then declined a penny each of the past three days, AAA said.

The Massachusetts price is two cents below the national average for regular unleaded of $2.58.

In Rockford, prices are about even from this time last month, while almost 40¢ higher than last February.

Here's some positive news for your Monday morning: Gas prices are on the way down, falling both in IL and across the USA, according to a new GasBuddy analysis. For instance, at Yamato and Jog roads in Boca Raton, automobilists could opt to pay $3.24 a gallon at the Mobil station on Glades Road and Northwest Seventh Avenue. The price per gallon continues to climb.

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