Fuel pump prices rise above $ 3 (AP)

New York – the national average for a gallon gasoline consumption standard at the top of the us $ on Thursday.

This is the first time the average retail price was over 3 liters per day. Average price rose pump 1.5 liter night Tomography to $3.01, according to AAA Express Wright, the fuel price information service. That's 14 cents more than a month ago and 43 cents higher than a year ago.

Pump prices have traditionally summer peak season dropped after driving, into the winter, because fewer people are on the road. This year, however, gasoline prices rose as oil prices climbed from about $ 80 a barrel in August to more than us $ on Thursday. This is the highest they have more than two years.

Analysts think gas prices rise as the economy gets stronger demand selects. But some worry economists high energy prices could slow down the nation's economic recovery. Research by business management firm PortiaGroup says fuel pump prices already take a bite out of big household expenses: 7.4 percent of the median household income this month average versus 6.5 percent bbdcmbr of last year and 4.2 percent in 2008.

If oil prices are higher, the average share of the income is spent on gasoline consumption may go up almost 10 percent by browsing, with pump prices around $ 3.75 a gallon or more.

Most analysts say there not because of the rising oil prices and strong demand, but hopes its economy improving means usually have more demand for oil and gas.

Positive economic news helped push oil prices higher on Thursday. Department of Commerce said consumers spent more in November month before. Department and said that the number of people applying for unemployment benefits fell by 3000 420,000 an important axis point last week.

The weaker dollar is supported even higher oil prices. Since the oil price in dollars, it becomes more attractive to investors with the euro as a foreign currency, such as the dollar falls.

Benchmark averages to settle all bots rose $91.51 vibrant exchange of New York.

While oil prices, the price of gasoline you are the kind of one of the main sources of heating of the nation – natural gas — is falling. Is down 11 percent weeks. On Thursday, natural gas has lost 6.1 cents to settle at 4.083 per 1,000 cubic meters on the Nymex.

There are a lot of the nation was way below average temperatures in December, on Thursday the Energy Department said the nation's natural gas supply shrank last week by 184 billion cubic meters. But there is so much natural gas storage — almost three and a half trillion cubic meters, or more than 8 percent more than five years — that prices remain relatively low.

Some weather forecasters think temperatures rise next month, you should leave the lid of the natural gas and electricity prices. "Demand decreased slightly in January expected warming over a large swath of the country from Canada through the mid-Atlantic region in Northern New York, New England," said Chris, Kostas, senior analyst for the gas with consultants Inc. security analysis of energy

Natural gas is used to produce 20 percent of the nation's electricity.

Baahrim Nymex trading, heating oil rose St. 1.23 to settle all 2.5408 every gallon gasoline, 1.81 to settle all generated ¢ per liter 2.4426.

In London, Brent bots rose 60 cents to settle at $94.25 exchange of the ICE futures trading.

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Winter Weather Conditions Drive up Oil, Gasoline prices (ContributorNetwork)

$ 4 a gallon gasoline?

Be prepared to pay a lot more to heat your home and fuel your car because oil and petrol prices ursprungshalten just in time for the Christmas holiday season.

Some analysts say we could pay almost $ 3.50 a gallon of gas through the spring, according to CNBC. U.S. motorists may face $ 4 a gallon gasoline in 2012. Gasoline Prices have not been seen since the worldwide economic collapse of 2008.

Future Gasoline prices

According to analysts, including Goldman Sachs, reports CNBC, the price of oil reaching $ 100 a barrel this spring and climb all the way to $ 120 per barrel in 2012. This means that the price of a gallon of gas rises 50 cents to 90 cents higher than it is right now. For every $ 10 increase in the price of oil per barrel, the price of a litre of petrol up 25 cents.

Snowstorms over the globe

The price of oil went from approximately $ 85 to $ 91 per barrel recently due to an anticipated increase in demand caused by colder than normal weather conditions on opposite sides of the planet. And the worst may be yet to come.

Time International reported that the Russian made a forecast Meteorologists on Oct. 3 to the winter would be "worst Russian winter in 1000 years." These concerns have met with the reality of the early-season snowstorms in Europe and the United States. Together, they created a global concern that winter is colder than usual may very, pushing up demand. Together with the increased demand is rising price of fuel oil and gasoline.

28 Nov-London Telegraph reported that schools in England and southern Europe was closed and motorists were stranded. Economies in the ground to a halt as snow fell as far south as London, southern France and Northern Italy. Also the Muscovites, used for severe winter conditions, were caught off guard as the temperature dropped to near zero degrees (f)

Consequently, oil and natural gas reserves fell and oil prices rose to their highest level in two years.

Then, on this side of the Atlantic, snowstorms barreled down from Canada to the Deep South, temperatures are-10 to 20 degrees below normal during the first weekend in December. At the same time a great maritime power crippled snow event on the East side of all five Great Lakes. The covered parts of that territory Buffalo with more than 32 cm of snow over the weekend, according to the Buffalo News.

Great American snowstorm on the way?

And now, Accuweather said a developing storm will cross country early next week and could develop into a major Blizzard for nor ' easter Middle Atlantic and New England States. This is because the temperature is expected to be lower than normal, but hot enough top snow-making capacity.

Colder Winter drives up prices

These events seem to indicate that the winter weather forecast issued by the national Weather Service Climate Prediction Center can prove really be worse as previously thought. The service said population-heavy Midwest would experience a colder than normal and snowier-winter in years. However, an earlier than normal snow pack, as if the conditions we saw in the early 1980s, would pave the way for colder conditions and snowier a larger part of the United States.

These conditions would create a colder-than-normal winter, put downward pressure on oil and natural gas reserves and driving up oil and gasoline prices as well. Only the heat of the Sun and increased sunlight hours in March would take us out of a terrible cold winter and bring relief.

Sources:

London Telegraph

Time International

CNBC

National Weather Service Climate Prediction Center winter weather forecast

Accuweather

Buffalo News.

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Pump gas prices turn an average $ 3 per gallon (AP)

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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Oil prices advance to positive economic data (AP)

Oil prices rose Wednesday amid positive economic reports in China and the United States and hopes that a plan is in the works of Europe's debt problems.

Benchmark oil for January delivery gained $2.64 or 3.1 per cent to settle at $86.75 a barrel on the New York Mercantile Exchange. Gasoline jumped 5 percent, while other energy products solid profits on the date posted.

Added at the gas pump the national average price for a gallon of unleaded gasoline regular a penny overnight to $2.864, loud AAA, Wright Express and oil price information service. That's less than a week ago but almost 24 cents more than it was a half cents a year ago.

Oil traders seemed optimistic about the global economy after sifting through a series of reports that showed improved increased production activity in the United States and China, setting small U.S. businesses and higher U.S. labour productivity than first thought in the third quarter.

At the same time European Central Bank Jean Claude Trichet President suggested that the Bank could buy bonds of warring countries within the European Union. Grow weaker dollar against other currencies has caused. As raw materials in dollars are listed, a weaker dollar makes you more attractive to buyers with foreign currencies.

"The market seems kind of"at the moment"mode of economic perception are reflected" tradition energy analyst gene McGillian said.

Oil has over $81 a barrel between trade was close to $86 per barrel last week. It started climbing overnight the status-affiliated China Federation of logistics and purchasing, said his purchasing manager index grew 55.2 last month by 54.7 in October.

The survey took note, keep rising prices for products and materials used in the production of a concern after a 25-month high in October inflation hit. China, a large importer of oil and other commodities, has to keep a lid on rising prices and managing growth affected oil prices started recently.

The manufacturing activity "makes it likely that China will tighten their lending policies, but we knew that those measures were expected to soon" Cameron Hannover energy consulting said in a research note.

In the United States said it factory output for the 16th for supply management month in November, rose but at slightly slower than in the previous month. ADP Employer Services stated employment in private enterprises of 93.000 in November jumped added as a small business the greatest amount of workers in three years. And the Ministry of labour said productivity grew more strongly than expected in the third quarter.

Meanwhile, said the Department of energy 26 rose from commercial crude oil inventories to 1.1 million barrels to 359.7 million barrels for the week of November. Gasoline increased inventories of 600,000 barrels 210.2 million barrels while demand slipped 0.5 percentage point. Stocks of distillate fuel, including diesel and fuel oil, fell by 200,000 barrels on 158.1 million barrels.

Other energy trading, increased production at some refineries to cut petrol prices as maintenance. PFGBest analyst said Phil Flynn concerned dealers were the gasoline, deliveries cause would be narrower than expected.

In other NYMEX trading in January contracts, petrol added to settle 11.36 cents to $2.3004 rose a gallon fuel oil 8.12 cents on $2.4506 per gallon and gas 8.9 cents to 4.269 won $ per 1,000 cubic feet.

Settled in London Brent crude oil to $3,42 on $88,87 a barrel on the ICE Futures Exchange.

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Survey: gas prices jump almost 4 cents in 2 weeks (AP)

CAMARILLO, California - a new survey finds the average price which regular gasoline in the United States has jumped 3.92 cents in the last two weeks.

The Lundberg Survey fuel prices published Sunday says the price of a gallon of regular $2.91 people.

Analyst Trilby Lundberg, the average price for a gallon says mid-grade was $3.05 and premium at $3.16.

Denver had the lowest average price among the towns, the respondents at $2.61 per gallon for regular. Long Iceland, NY, was highest among surveyed areas at $3.21.

Diesel was at $3.23 half a cent.

In California, the average price for a gallon was regular $3.14 until over a penny.

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