Add news
Король и Шут - Девушка и граф (English/Japanese cover by Even Blurry Videos feat. ICHIGO TANUKI)
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021
News Every Day |

Gas Prices Update: Will We Have Stability for the Rest of 2021?

Stephen Silver

Gas Prices, Americas

Gas Prices

Steady gas prices have provided some relief as the economy reopens and drivers begin to keep a closer on eye increases in the cost per gallon.

In the early weeks of 2021, it looked as though a narrative was forming: gas prices, as the coronavirus pandemic receded, were going up. Some even tried to tie it to the arrival of the Biden Administration, the cancellation of the Keystone XL pipeline, and other energy policies that supposedly would encourage a rise in gas prices.

Gas prices did go up throughout February and March, with Los Angeles County at one time showing more than 30 days of consecutive price increases, including 54 days out of 55. There were a few reasons for this: more people traveling and otherwise being out and about, the global price of oil, as well as some disruption to the supply caused by the weather emergencies in Texas.

However, in April prices have done something unusual: They’ve stabilized. In fact, according to Gas Buddy, the national average in gas prices has remained flat from last week, at $2.85 a gallon. It’s extremely rare for gas prices to be that flat in the springtime.

That number is 2.2 cents less than it was a month ago, and $1.07 less than at the same time last year, when prices were unusually low in the opening weeks of the pandemic, and stay-at-home orders caused demand for gasoline to collapse.

The most common price this week, meanwhile, was $2.69 a gallon, while fuel demand dropped by .57 percent. The prices with the highest average prices were California, Hawaii and Nevada, with the lowest-price states Texas, Mississippi and South Carolina. Gas prices typically differ regionally for several reasons, including proximity to oil refineries, gas taxes, and other variables.

The monthly GasBuddy survey is based on 11 million individual price reports, of 150,000 gas stations around the country.

“Gas prices have remained largely stable in the last week across much of the country with the exception of the West Coast, where prices in some areas continue to advance, mainly in California as summer gasoline and healthy demand have boosted prices, but for everyone else, we’re far removed from the fast pace of increases we saw earlier this year,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in an article on the website.

“Gasoline demand has given up ground for the second straight week, likely due to some areas seeing a rise in coronavirus cases, and as spring break plans conclude. The next trend in gas prices isn’t evident just yet, we may see additional slight sideways moves in the weeks ahead, until either demand starts to increase notably again, or we see the opposite.”

Usually, according to the U.S. Energy Information Administration, gas prices rise throughout the spring and summer, before peaking in the later part of the summer.

Stephen Silver, a technology writer for The National Interest, is a journalist, essayist and film critic, who is also a contributor to The Philadelphia Inquirer, Philly Voice, Philadelphia Weekly, the Jewish Telegraphic Agency, Living Life Fearless, Backstage magazine, Broad Street Review and Splice Today. The co-founder of the Philadelphia Film Critics Circle, Stephen lives in suburban Philadelphia with his wife and two sons. Follow him on Twitter at @StephenSilver.

Image: Reuters.

Read also

New government program offers $50 off monthly internet bill for eligible households: Here's how to apply

Kevin Garnett Praises Tim Duncan, Kobe Bryant In Hall of Fame Address

Call center in Vancouver shuttered due to COVID-19 outbreak

News, articles, comments, with a minute-by-minute update, now on — latest news 24/7. You can add your news instantly now — here
News Every Day

Announcing the New GN Mouse Pads (Red/Black & Blue/Black)