The OPEC-led output cut has "allowed brimming oil inventories to drain over the course of 2017 to levels that balance supply and demand more evenly than the glut of crude oil that plagued the market in 2015 and 2016", says DeHaan.
The New York state average is $2.64, up 2 cents from last week.
The Exxon station at Highway 153 and Gann Road in Exxon is selling gas today at $2.02 per gallon - the lowest of any station in Tennessee and one of the lowest in the South.
In comparison, the highest daily average gas price is projected to range from $1.29-$1.35 in Toronto. Seasonal price differences such as formulation changes from winter-to summer and then summer-to-winter blends, are just the first of many factors influencing pump prices in both the USA and Canada. It's only a few pennies, but usually gas prices are dropping this time of year.
According to GasBuddy, the nation's yearly gasoline bill will rise to $364.6 billion, some $25 billion higher than what drivers spent past year.
Demand for gas may fall in the wake of the holidays, but any dip in demand is unlikely to last long, according to GasBuddy's 2018 Fuel Price Outlook.
Ikea asks women to pee on its pregnancy test magazine ad
To actually make the ad a functioning pregnancy test, the agency worked with Mercene Labs to get the logistics right. Before we sign off, due sympathy to the writer whose feature appears on the obverse side of the IKEA ad.
Waterbury- $2.59/g, up 2.4 cents per gallon from last week's $2.57/g.
Higher-than-normal prices have persisted amid an extended cold snap. Since last autumn's maintenance season was interrupted by hurricanes, this spring is likely to be more active than usual for refineries, putting the price hike on the higher end of that 30- t0 75-cent scale, AAA said.
According to AAA, the average price in Montezuma County for regular unleaded gasoline was $2.54 on Sunday.
At the same time, however, $61 a barrel oil also encourages more drilling in the U.S. Massive amounts of oil have been found in the Permian Basin in Texas and New Mexico with 400 rigs now operating in that area. Meanwhile, gasoline demand, measured by the Energy Information Administration, has dropped significantly, contributing to a strong build in fuel availability.
"I would be shocked if we saw greatly increased prices in gasoline in 2018", said Skylar McKinley, spokesman for AAA Colorado in Denver.