NEW YORK — the average price of a litre of petrol per week continued to March steadily to $ 3 per gallon. In some parts of the country is above that already exists.
On Friday, the average price for a gallon of regular over United States almost $ 2.98, according to AAA, Wright Express and Oil price Information Service. It is 2 cents from Monday and 10 cents more than a week ago. Drivers on the West Coast, pay an average of $ 3.21 a gallon. Gas is about $ 3.09 a gallon in New England, $ 3.05 in the mid Atlantic States, $ 2.98 around the Great Lakes region and $ 2.82 in the Southwest.
A dime a gallon might not sound like much, but it adds up to 40 million dollars of the driving public pocket.
The rising price of oil has pushed up the petrol prices. Crude oil prices have climbed about 5 percent in the past 10 days, and on Tuesday the topping the $ 90 for the first time in over two years. On Friday, lost benchmark oil 58 cents to settle at $ 87.79 per barrel on Schwartz Mercantile Exchange.
The retail price of petrol could go higher, even if the oil price levels out. Gasoline deliveries have been affected by unexpected refinery shutdowns in the West and Midwest. "There has been much unscheduled recently and who has made ... petrol markets nervous," energy consultants Cameron Hanover said.
PFGBest Analyst Phil Flynn in Chicago said shutdown of a refinery in St. Croix, Virgin Islands, contributed to a tight supply on the East Coast, which can add a couple of cents per gallon gas prices.
Prices of oil and petrol is unlikely to drop significantly if demand picks up. Last Friday, The International Energy Agency raised its forecast of demand for this year and in 2011. IEA, based in Paris, considers consumption in North America and Asian emerging countries, particularly China, will be larger than the previously expected. If this happens, THE IEA said OPEC could increase goods prices to rise. In 2008, up OPEC production levels as oil shot past the $ 100, on the road to a record $ 147 per barrel.
The Organization of Oil exporting countries meet this weekend in Ecuador. "Before the meeting of THE OPEC ministers statements suggesting group is planning on a quick agreement to roll over the existing output target," THE IEA said.
In other trading on Nymex heating oil fell 0.93% to settle $ 2 per gallon gasoline, 4575 gave up 3,12 cents to settle at $ 2 per gallon and NG 3093 decreased 1.8 cents to settle at $ 7,011 per 1 000 cubic feet.
London Brent crude fell 51 cents to settle at $ 90; 48 per barrel on the ICE Futures Exchange.
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