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a benchmark for imports

 
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PostPosted: Wed 9:48, 30 Oct 2013    Post subject: a benchmark for imports

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WASHINGTON, May 8 () -- U.S. consumers should pay about $3.53 for a gallon of regular unleaded gasoline this summer, down from last year's average, the government said.The U.S. Energy Department's Energy Information Administration said the average price for a gallon of regular unleaded gasoline for the week ending Monday was $3.53, down about 25 cents year-on-year. Motor group AAA reports prices Wednesday were as high as $3.97 in Illinois and as low as $3.23 in South Carolina.The EIA said it expects retail prices for the summer to level at about $3.53 for a gallon of regular unleaded,[url=http://www.guccioutletonlinen.com/]gucci outlet online[/url], lower than it predicted last month.The EIA pointed out that prices vary widely across the country and spikes could occur as refiners switch to summer blends of gasoline,[url=http://www.christianlouboutinoutleto.co.uk/]Christian Louboutin Outlet[/url], which are more expensive to produce than winter blends.Part of the reason for lower gasoline prices was crude oil markets conditions. Bloomberg News reports the price for Brent crude oil, a benchmark for imports,[url=http://www.pradaoutlety.com/]prada outlet[/url], was down more than 7 percent from last year while the U.S. West Texas Intermediate was down more than 2 percent year-on-year.The EIA said total liquid fuels consumption for the first quarter of 2013 was up because of colder weather but that was offset by a general decline in gasoline consumption.Crude oil production in the United States was an average of 7.1 million barrels per day for this year.


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