{"id":2002300,"date":"2023-08-16T10:43:02","date_gmt":"2023-08-16T14:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-gasoline-prices-at-year-high-tight-supply-weighs-on-motorists\/"},"modified":"2023-08-16T11:55:45","modified_gmt":"2023-08-16T15:55:45","slug":"us-gasoline-prices-at-year-high-tight-supply-weighs-on-motorists","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-gasoline-prices-at-year-high-tight-supply-weighs-on-motorists\/","title":{"rendered":"US gas prices reach record high as limited supply burdens drivers."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-gasoline-prices-at-year-high-tight-supply-weighs-on-motorists%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2002300&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"post_content\" class=\"post_content\" data-post-content=\"true\">\n<h2>Gas Prices\u200c Surge as Summer Comes to\u2063 an End<\/h2>\n<p>U.S. motorists \u2064hoping to squeeze out \u200cone last trip before the \u2062Labor Day holiday and school begins \u200bare \u2063finding pump prices that have surged\u200c to their highest level this year on tighter gasoline supplies.<\/p>\n<p>Consumers tend to\u200b get a\u2062 break from steeper\u200b fuel costs as\u2064 <a title=\"US gas prices reach record high as limited supply burdens drivers.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-gasoline-prices-at-year-high-tight-supply-weighs-on-motorists\/\">peak vacation travel ebbs<\/a>.\u200d But strong demand and \u2064a series\u2063 of refinery outages have pushed \u200dthe <a title=\"National Gas Price Average Hits New Record High .45\/Gallon\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/national-gas-price-average-hits-new-record-high-4-45-gallon\/\">national average retail price<\/a> to $3.86 per gallon on Tuesday, according to \u200bthe American Automobile Association\u20147 percent higher than a month ago. In California and Washington, prices have surged above $5 a gallon.<\/p>\n<p>National \u200bretail gasoline prices will average $3.90 a gallon this \u200cmonth, predict analysts\u200b at Goldman Sachs.<\/p>\n<div class=\"shortcode\">\n<div class=\"mb-4 mr-4 w-full max-w-[500px] border border-[#D3D3D3] px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\">\n<div class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/bright\/closing-prices-for-crude-oil-gold-and-other-commodities-aug-15-2-post-5468241\">Closing Prices for Crude Oil, Gold, and Other Commodities \u200d(Aug. 15)<\/a><\/div>\n<div class=\"text-[14px] leading-[18px] text-[#737373]\">8\/15\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\"><\/div>\n<\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/article\/oil-prices-could-rise-further-this-year-but-2024-demand-to-slow-sharply-iea-5459110\">Oil \u200cPrices Could Rise\u2062 Further This Year, but\u200b 2024 Demand to Slow Sharply: IEA<\/a><\/div>\n<div class=\"text-[14px] leading-[18px] text-[#737373]\">8\/11\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Martin Jones, a vacationer from \u200dMassachusetts, \u200cfilled up his \u200dToyota Corolla during a sightseeing trip to Washington, D.C., on Tuesday. Mr. Jones said he\u2063 was relieved prices were not close to \u2063the $5 a \u2064gallon level of last summer.<\/p>\n<p>&#8220;Or I\u200d won&#8217;t be able to make long drives like this \u200das easily,&#8221; Mr. Jones\u200b said.<\/p>\n<p>Retail prices in the U.S. Midwest jumped\u200c as much \u2063as 21 cents a gallon in\u200d Ohio and 16 cents in\u2063 Michigan \u200cin the last \u2062week on \u2064earlier-than-expected maintenance\u2063 at\u2064 a BP \u2063refinery in \u2064Whiting, Indiana.<\/p>\n<p>Irving Oil&#8217;s 320,000-barrel-per-day oil refinery in New Brunswick, Canada,\u2064 and Delta&#8217;s\u200b 185,000-barrel-per-day refinery in \u2063Trainer, Pennsylvania, will be down for much of September and\u2062 part of \u2063October, affecting about 9 percent of the\u200c product\u2062 supplied in their regions.<\/p>\n<h2>Below-Average Stocks<\/h2>\n<p>&#8220;It is fairly abnormal to see prices going up&#8221; at this time of the \u2062year, \u200bsaid Patrick De Haan, head \u2064of petroleum \u200banalysis at price tracker GasBuddy.com. &#8220;We\u200b tend to\u2062 see prices declining\u200b going into\u200d the\u200d fall.&#8221;<\/p>\n<p>Weekly U.S.\u200d gasoline stockpiles have remained below the five-year average of inventories throughout this year, \u200bsetting the stage for <a title=\"Elon Musk Adds \u2018#bitcoin\u2019 To His Twitter Bio, Bitcoin Surges By 20%\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20\/\">price spikes<\/a> if refining capacity is disrupted. \u2062Total\u2063 U.S. \u2063gasoline stocks \u200cthis month fell to 216.4 million \u200bbarrels, the fifth decline\u200d in six weeks, \u200caccording to \u200cU.S.\u2064 government data.<\/p>\n<p>At \u200dthe same time, record heat levels in Texas\u2064 have likely led \u2064to a sharp 2 percent slump in U.S. refiners&#8217; product yields over the past few weeks, Goldman Sachs noted \u200bon Sunday. Small changes to the yield often add up \u200cto a meaningful decline in product availability, \u2062the bank\u200d added.<\/p>\n<p>Peak hurricane season\u200d is still ahead \u200bwith the U.S. National Oceanic and Atmospheric<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. drivers seeking a final getaway before Labor Day and the start of school are facing the highest gas prices of the year due to limited supplies. Typically, fuel costs decrease after peak vacation season, but high demand and supply issues have prevented this trend.<\/p>\n","protected":false},"author":66,"featured_media":2002301,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"US gas prices reach record high as limited supply burdens drivers.","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2002300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"US gas prices reach record high as limited supply burdens drivers.","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2002300"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2002300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2002301"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2002300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2002300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2002300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}