Posts for 'Gas' Category

As you head to the gas pumps this weekend you may notice the price of a gallon of gas has risen drastically just in the past couple of weeks. A report from AAA came out on Friday saying the national average for a gallon of gas has kept steady at $2.81 for a week straight. But that price has jumped 21 cents within the last two months--not to mention that price is 13 cents higher than last year at this time. By summer energy analysts say the price may reach three dollars a gallon.

Drivers we talked with are worried about the price hike. Eumeka Suggs says, "It's really expensive. Like um, earlier this week it was just $2.50 something and today it's almost three dollars. It's ridiculous." According to AAA Carolinas--the average price for a gallon of gas around Greenville is $2.85. That's five cents above the national average.

Retail gasoline prices are creeping up at a time when unemployment remains high.  Gasoline prices in Phoenix jumped 12 cents in the past week to $2.52 per gallon. Gas is still less expensive than it was one year ago when the Phoenix average was nearly $2.72 per gallon.

Nationwide, gasoline prices reached a new peak for the year on Friday at nearly $2.70 per gallon, marking the 17th consecutive day that pump prices inched higher.  The rising pump prices come as oil prices have climbed $17 per barrel since August and the dollar has weakened, making gas more expensive for U.S. consumers.

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Despite the Labor Day holiday, gas prices slid a little bit from a week ago, falling just about four cents in western Pennsylvania, according to the AAA Fuel Gauge Report. The price for a gallon of regular, unleaded gasoline this week was $2.61 per gallon, down from just over $2.65 a week ago. That's 97 cents cheaper than this time last year, when gas was $3.59 per gallon.

The national average was nearly $2.58, also down slightly from the week prior. On Monday, crude oil prices rose to $71.17 per barrel, up $3. The western Pennsylvania region included in the report stretches from Erie to Altoona. Brookville had the lowest gas prices at $2.48, while Sharon had the highest at $2.71. The average gas price in the city of Pittsburgh was $2.64 per gallon, AAA found.

The cost of a gallon of regular gasoline in metro Orlando retreated 2 cents a gallon to $2.56 during the week ended Sunday compared to the previous week, AAA Auto Club South reported. The average price nationally also fell 2 cents a gallon to $2.62.

The modest decline came as crude oil prices shot to the highest level in 2009, closing at $73.89 a barrel. But economists and petroleum experts were mixed about the impact of crude on gas prices, even though an increase in crude costs generally leads to higher prices at the pump.The economists said high unemployment levels and weak consumer spending have slackened demand. And the summer travel season ends on Labor Day Weekend, now less than two weeks away.

The top four floors of the Bondi Junction building have been sealed off due to a police investigation into the blast, which left two plumbers in hospital with serious burns. Residents from the remaining 24 floors could only access their units before 3:00pm (AEDT) this afternoon.

A tenant from the building, Annaleise Fessl, says little is known about the extent of the damage. "They just told us it could be months, not weeks, that we're not allowed to live there," she said.  "Council could at any stage deem the whole building as uninhabitable due to lack of essential services.  "We've got no water, we've got limited electricity and there's no fire safety things in the building because the fire doors are open at all times and things like this, so it's hard."

Much is made of the benefits of modular design and construction but not often associated with the large scale of power plants.

Yet, this is the path Siemens Energy has taken to bring online the world’s largest H-class gas turbine, expected to deliver 60%+ thermal efficiency in combined-cycle operation.

That operating mode will come after adding a steam turbine, with full system completion and handover expected in mid-2011.Installed at the Irsching gas power plant, SGT5-8000H gas turbine is a 440 metric ton, 50-Hz machine that outputs 340 MW—and is designed for 530 MW in eventual combined-cycle operation.

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Holiday travelers aren't getting any relief at the pumps this Memorial Day weekend. As a matter of fact, they will find gas prices higher when they return home. According to AAA, the average gallon of regular unleaded jumped two cents overnight to $3.93. That's up more than 35 cents from a month ago.

Eleven states and Washington, D.C. are now paying more than $4 a gallon. Utahns say they are definitely changing their driving habits because of the high gas prices, but the changes Utah drivers are making might surprise you.

There's been a lot of speculation about what it would take to change the habits of Utah drivers. Well, we asked, and more than half are driving differently. In an exclusive Dan Jones and Associates poll for KSL-TV and the Deseret News, 63 percent said yes, they're changing their driving habits as a result of high prices.

Carrie Fisher said, "I filled up with gas twice before the weekend, just to avoid it going up to $4 and having to pay that."

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The national average price for regular gasoline rose about 15 cents in the last two weeks, according to a survey.

The average price of self-serve regular gasoline on Friday was $3.62 a gallon, up 15 cents from two weeks ago. Mid-grade was at $3.74 and premium was $3.85. That's all according to the Lundberg Survey of 7,000 stations nationwide released Sunday.

Regular gasoline is up 55 cents since 2008 began.

Of the cities surveyed, the cheapest price was in Cheyenne, Wyo., where a gallon of regular cost $3.39, on average. The highest average was in San Francisco at $3.95.

Across California, the statewide average for a gallon of regular was $3.90, mid-grade was at $4.01 and premium at $4.11.

The average price of a gallon of gasoline in Washington continues to climb to new record highs.

The AAA auto club reports it's now $3.49 a gallon. That's up 41 cents in the past month, 78 cents in the past year.

The survey for Monday found the highest prices in Bellingham at $3:58 and the lowest in Spokane at $3.36. The average price in the Seattle area is $3.52.

Washington's gas price is 27 cents higher than the national average, which surged on Monday to within half a cent of a record high of $3.227 a gallon. Oil prices, meanwhile, surged to $107, a new inflation-adjusted record and their fifth new high in the last six sessions.

The national average price of a gallon of gas is 69 cents higher than one year ago. Last May, prices peaked at $3.227 as surging demand and a string of refinery outages raised concerns about supplies.

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Malaysia's national oil firm Petronas on Monday said it had signed a deal with oil giants Royal Dutch/Shell and ConocoPhillips to explore and produce offshore natural gas from Sabah state.

Petronas Carigali, the exploration and production arm of Petronas, has a 40 percent stake in the production-sharing contract. Shell Energy Asia and ConocoPhillips Sabah Gas will each have 30 percent interest.

Petronas did not state the total value of the deal or the potential size of the gas reserves.The four gas fields in the Kebabangan Cluster are located about 130 kilometres (81 miles) off the coast of Sabah on Borneo island.

The gas would be transported via pipelines to the Sabah Oil and Gas Terminal, which is currently being constructed.