Language Selection

English French German Italian Portuguese Spanish

Gas prices on verge of setting a record

Submitted by srlinuxx on Tuesday 15th of March 2005 03:20:28 PM Filed under
Misc

The average U.S. retail price for regular-grade gasoline rose 5.7 cents to $2.056 a gallon in the week ended today, less than a cent below the all-time record reached in May, the Energy Department said.

Gasoline prices across the U.S. have climbed since mid- February as refiners passed along higher costs for crude oil, which makes up about half the motor fuel's price. Oil futures in New York have climbed 26 percent this year to $54.95 a barrel today, the highest since October.

Prices jump at the end of every winter, as refineries switch from winter-grade to summer-grade gas, said Ray of AAA Washington. But this year, changes to the gasoline and energy-futures markets are also pushing up prices. In a normal year, prices peak around May and level out during the summer.

However U.S. motorists show few signs of curtailing their driving habits even with retail gasoline above $2 a gallon across much of the country. Crude-oil prices may have to rise to $80 a barrel or higher before U.S. demand for gasoline, diesel and other fuels begins to slow, said Arjun Murti, an analyst with Goldman Sachs.

Full Story.

»

More in Tux Machines

today's howtos

Android Leftovers

The OpenStack Train keeps chugging on

SUSE, formerly a Platinum member of the OpenStack Foundation, may have left the open-source, Infrastructure-as-a-Service (IaaS) OpenStack cloud, but the project is going to move forward with the forthcoming 20th release of OpenStack: Train. That's because while SUSE may no longer find OpenStack profitable, others are finding it works well for them and for their customers. "OpenStack is the market's leading choice of open-source infrastructure for containers, VMs and bare metal in private cloud," said Mark Collier, COO of the OpenStack Foundation in a statement. Read more

Events: Akademy, Gnome-shell Hackfest, LibreOffice Conference, .NEXT Copenhagen and GStreamer Conference

  • Akademy 2019 Talks Videos

    We now have the Akademy 2019 videos ready for you to enjoy, see the previous summary of talks on the dot for some inspiration on what to watch. The talk schedule has the full list We had keynotes on Developers Italia and the New Guidelines: Let the Open Source Revolution Start! by Leonardo Favario and Towards Qt 6 by Lars Knoll We also got updates on KDE Community's goals

  • Gnome-shell Hackfest 2019 – Day 1

    There’s a decent number of attendants from multiple parties (Red Hat, Canonical, Endless, Purism, …). We all brought various items and future plans for discussion, and have a number of merge requests in various states to go through. Some exciting keywords are Graphene, YUV, mixed DPI, Xwayland-on-demand, … But that is not all! Our finest designers also got together here, and I overheard they are discussing usability of the lock screen between other topics. [...] This event wouldn’t have been possible without the Revspace hackerspace people and specially our host Hans de Goede. They kindly provided the venue and necessary material, I am deeply thankful for that.

  • LibreOffice Conference 2019: Meet the Engineering Steering Committee

    Who makes the big technical decisions in the LibreOffice project? In this video from our recent LibreOffice Conference in Spain, the Engineering Steering Committee (ESC) introduces itself and provides an update on the latest updates...

  • Hello from Nutanix .NEXT Copenhagen

    Nutanix is, of course, a fast growing software company that works with many of the same Independent Hardware Vendors (IHVs) as SUSE to deliver solutions in the Hyperconverged Infrastructure (HCI) space. Nutanix pioneered the HCI market and they position themselves as a key element to making it easier than ever before to design, build, and manage datacenter IT. They were originally a single source for turnkey HCI infrastructure, leveraging a close partnership with SuperMicro. They’ve since branched out become more hardware agnostic, supporting a variety of specialized HCI hardware from other vendors, including IBM, Lenovo, Dell, HPE, and Fujitsu.

  • GStreamer Conference 2019: Full Schedule, Talks Abstracts and Speakers Biographies now available

    The GStreamer Conference team is pleased to announce that the full conference schedule including talk abstracts and speaker biographies is now available for this year's lineup of talks and speakers, covering again an exciting range of topics! The GStreamer Conference 2019 will take place on 31 October - 1 November 2019 in Lyon, France just after the Embedded Linux Conference Europe (ELCE).

More on Tux Machines: About ● Gallery ● Forum ● Blogs ● Search ● News ● RSS Feed

Part of Bytes Media ● Sister sites below.

TechBytes Techrights button

Powered by Drupal, an open source content management system

Content available under CC-BY-SA CC

© by original authors

Powered by CentOS 6.5 (GNU/Linux), Varnish, and Drupal 6