Thursday, September 18, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Rare summer relief for gasoline prices

Gas Prices

FILE - In this April 29, 2014 photo, a customer fills her car with fuel at a gas station, in Brookline, Mass. Gasoline prices are falling along with oil prices this summer because concerns of global supply disruptions have subsided somewhat despite continued violence in the Middle East. (AP Photo/Steven Senne, File)

By
From page B6 | August 02, 2014 |

NEW YORK — The gasoline price roller coaster is running a strange course this summer.

August began with the lowest average gasoline price for this time of year since 2010. Just a few weeks ago, drivers were paying the highest gasoline July Fourth gasoline price in six years.

The average price of a gallon of gasoline is $3.52 after falling 16 cents over the last month. Prices may continue to slide in early August and post larger drops after Labor Day — as long as there are no hurricanes that halt production in the Gulf Coast or violence in the Middle East that disrupts crude supplies.

“We’ll see some more drops, and clearly we’ll be below $3.50 by Monday,” says Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. “It’s absolutely counter-intuitive.”

Gasoline prices usually drop between Memorial Day and July Fourth after refiners have begun making more-expensive summer blends of gasoline. They then tend to rise between July Fourth and Labor Day as vacation drivers burn through supplies and traders worry about hurricanes.

This year, gasoline prices rose after Memorial Day because turmoil in Iraq, OPEC’s second-biggest exporter, sent global crude prices rising. Oil rose to $107 per barrel on June 20 and gasoline reached $3.68 a gallon in late June.

Since then, fears that Iraqi oil exports would be blocked have subsided. Global supplies appear to be ample, offsetting any potential impact from U.S. and European sanctions against Russia, the world’s biggest exporter outside of OPEC. And ongoing fighting between Israel and Hamas doesn’t threaten oil production.

Crude oil fell Friday for the fifth day in a row, to $97.88 per barrel, its lowest price since early February.

At the same time, U.S. refiners have cranked up their operations, making higher-than-normal amounts of fuel and building supplies of gasoline. As a result, the national average gasoline price fell 30 out of 31 days last month, according to AAA, and posted their largest July decline in 6 years.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

 
Theatre DeVille in Vacaville closes

By Barry Eberling | From Page: A1, 15 Comments | Gallery

 
Focus on school attendance now, always

By Mayrene Bates | From Page: A2

 
Lunafest returns to Fairfield in November

By Susan Hiland | From Page: A3

Pepperbelly’s for sale

By Ryan McCarthy | From Page: A3, 3 Comments

 
Jury selection begins in 2011 Fairfield murder trial

By Jess Sullivan | From Page: A3

Seniors get help at Kroc Center health fair

By Barry Eberling | From Page: A3 | Gallery

 
Drug court success stories tell their tales

By Jess Sullivan | From Page: A3 | Gallery

Suisun City Senior Center seeks holiday donations

By Susan Hiland | From Page: A3

 
Weather for Sept. 18, 2014

By Daily Republic | From Page: B10

 
Fairfield police log: Sept. 16, 2014

By Susan Hiland | From Page: A10

Suisun City police log: Sept. 16, 2014

By Susan Hiland | From Page: A10

 
.

US / World

Emotions mount on final day of Scottish campaign

By The Associated Press | From Page: A1

 
Maps provide early warning of California fire risk

By The Associated Press | From Page: A4

More than 2,000 homes threatened in California fire

By The Associated Press | From Page: A4, 1 Comment

 
NASA’s Maven spacecraft reaches Mars this weekend

By The Associated Press | From Page: A5

US military role in Iraq raises combat questions

By The Associated Press | From Page: A5

 
Police: Ambush suspect was military re-enactor

By The Associated Press | From Page: A5, 1 Comment | Gallery

House grudgingly approves arms for Syrian rebels

By The Associated Press | From Page: A5, 2 Comments

 
Ex-VA doctor: Phoenix report a ‘whitewash’

By The Associated Press | From Page: A5, 1 Comment

School district police stock up free military gear

By The Associated Press | From Page: A5, 3 Comments | Gallery

 
Doctor says Toronto Mayor Rob Ford has cancer

By The Associated Press | From Page: A6

US scientist: Ebola unlikely to become airborne

By The Associated Press | From Page: A6

 
Liberia president praises US for Ebola help pledge

By The Associated Press | From Page: A6

Obama reaffirms opposition to US combat in Iraq

By The Associated Press | From Page: A6, 1 Comment

 
AP Interview: Iraq premier says no foreign troops

By The Associated Press | From Page: A6

.

Opinion

 
Give new crime report a chance

By Kelvin Wade | From Page: A7, 16 Comments

 
Homeless find welcome in Vallejo

By Letter to the Editor | From Page: A7, 7 Comments

 
.

Living

Today in History: Sept. 18, 2014

By The Associated Press | From Page: A2

 
Community Calendar: Sept. 18, 2014

By Susan Hiland | From Page: A2

Horoscopes: Sept. 18, 2014

By Holiday Mathis | From Page: A9

 
My brother fails to make an effort to when it comes to my kids

By Kathy Mitchell and Marcy Sugar | From Page: A9

.

Entertainment

TVGrid

By Daily Republic Syndicated Content | From Page: B4

 
U2 returns to iTunes Top 100 — 26 times

By Los Angeles Times | From Page: B4, 1 Comment

Directors Guild finds TV diversity hiring stalled

By The Associated Press | From Page: B4

 
.

Sports

Rodriguez gets 1st MEL soccer win since return to league

By Daily Republic staff | From Page: B1

 
Giants snap tie in 9th, beat Arizona to narrow gap in West to 2

By The Associated Press | From Page: B1

 
49ers’ Kaepernick fined for inappropriate language

By The Associated Press | From Page: B1, 4 Comments | Gallery

Barry Bonds appeal heads back to court

By The Associated Press | From Page: B2

 
NFL, union agree to new drug policy, HGH testing

By The Associated Press | From Page: B2

Raiders rookie Derek Carr focuses on job at hand

By The Associated Press | From Page: B2 | Gallery

 
Pegulas’ bid to buy Bills OK’d by NFL committee

By The Associated Press | From Page: B2

FSU benches Winston for 1st half of Clemson game

By The Associated Press | From Page: B2

 
Umpire West suspended 1 game for grabbing jersey

By The Associated Press | From Page: B2

After making ‘mistake,’ Vikings bench RB Peterson

By The Associated Press | From Page: B2

 
Sharks sign D Braun to 5-year, $19 M extension

By The Associated Press | From Page: B2

Rockets acquire Jason Terry, picks from Kings

By The Associated Press | From Page: B2

 
Panthers remove DE Greg Hardy from active roster

By The Associated Press | From Page: B2

.

Business

Fed signals plan to keep key rate at record low

By The Associated Press | From Page: B5

 
Brown signs ride-sharing insurance legislation

By The Associated Press | From Page: B5

US homebuilder confidence soars in September

By The Associated Press | From Page: B5

 
Anthem, hospitals join to offer new insurance plan

By The Associated Press | From Page: B5

Drag queens dress down Facebook over names

By The Associated Press | From Page: B5, 1 Comment

 
Wells Fargo pays $290,000 in sex harassment case

By The Associated Press | From Page: B5

.

Obituaries

Margaret King

By Susan Hiland | From Page: A4

 
.

Comics

For Better or Worse

By Daily Republic Syndicated Content | From Page: A8

 
B.C.

By Daily Republic Syndicated Content | From Page: A8

Garfield

By Daily Republic Syndicated Content | From Page: A8

 
Frank and Ernest

By Daily Republic Syndicated Content | From Page: A8

Rose is Rose

By Daily Republic Syndicated Content | From Page: A8

 
Pickles

By Daily Republic Syndicated Content | From Page: A8

Baby Blues

By Daily Republic Syndicated Content | From Page: A8

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: A8

Peanuts

By Daily Republic Syndicated Content | From Page: A8

 
Blondie

By Daily Republic Syndicated Content | From Page: A8

Zits

By Daily Republic Syndicated Content | From Page: A8

 
Dilbert

By Daily Republic Syndicated Content | From Page: A8

Wizard of Id

By Daily Republic Syndicated Content | From Page: A8

 
Sally Forth

By Daily Republic Syndicated Content | From Page: A8

Baldo

By Daily Republic Syndicated Content | From Page: A8

 
Get Fuzzy

By Daily Republic Syndicated Content | From Page: A8

Sudoku

By Daily Republic Syndicated Content | From Page: A9

 
Bridge

By Daily Republic Syndicated Content | From Page: A9

Crossword

By Daily Republic Syndicated Content | From Page: A9

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: A9

Word Sleuth

By Daily Republic Syndicated Content | From Page: A9