Thursday, September 1, 2011

Gasoline Close To Record High Before Labor Day

Gasoline Close To Record High Before Labor Day:


Gasoline Close To Record High Before Labor Day: NEW YORK — Gasoline near the highest it’s ever been for this time of year, just before the weekend of Labor Day.

On the eve of the price of oil this year, coupled with a rash of processing problems throughout the U.S., raised prices nasosa.Sredny rate in the country on Thursday was $ 3.629 a gallon. Drivers will pay more for gasoline this on September 1, than in any other year except 2008, when pump prices hit an average of $ 3.686.

Retail gasoline prices in the U.S. are growing, although motorists are buying less. Analysts say they were pushed higher by the steady growth of international demand of gasoline. Americans can use less, but the drivers in developing countries use more.

“It’s all part of being in the global marketplace,” said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

U.S. uses so little fuel now that it has been a net exporter of refined fuel to other countries for the past nine weeks. This is typical of the OPEC countries, but it is very rare in the U.S., “You have to go back years and years”, Kloza said. ”I have not found the time we were a net exporter for this for weeks.”

Most of those exports head to Mexico and Kanady.SShA also sends fuel to the dozens of other countries including the Netherlands, Singapore, Japan, Ecuador, Panama, Chile and Colombia.

In energy markets, crude test of 95 cents to $ 89.76 a barrel in New York while Brent Crude rose 7 cents to $ 114.92 in London.

Heating oil was virtually unchanged at $ 3.0813 a gallon, while gasoline futures rose 3 cents to $ 2.9076 a gallon. Natural gas lost 3 cents to $ 4.021 per 1,000 cubic feet.

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