Dalvin Brown USA TODAY Published 2:06 PM EDT Jun 21, 2019 A fire and explosions at an oil refinery in Philadelphia sent shockwaves through neighboring towns on the first day of summer, a rocky start to the busiest travel season for motorists. No deaths or injuries were reported at the Philadelphia Energy Solutions Refining Complex, the East Coast's largest refinery, where the blasts originated. However, the fire raised questions about how much drivers in the region will have to pay for gas. The 150-year-old refinery processes hundreds of thousands of barrels of crude oil daily that turns into gasoline. While it's still too soon to know the exact impact on future gas availability, experts say communities close to ground zero of the blast have a higher chance of seeing moderate pump increases as soon as this weekend. "Since the news is so fresh, the market is going to be a little unsure of … [Read more...] about Philadelphia refinery fire: Will gas prices rise for drivers?
Gas price rises
Why are gas prices going up? Pump costs rise as spring starts
Douglas A. McIntyre 24/7 Wall Street Published 9:48 AM EDT Mar 20, 2019 After a prolonged period during which gasoline prices stayed at relatively low levels, they have started to surge as the calendar moves into spring and toward Memorial Day. The current price of an average gallon of regular gas nationwide is up 35 cents in the past six weeks. This has increased what drivers pay across the entire country by $135 million a day compared with the start of the year, according to a new analysis. According to gas price research company GasBuddy, the average price of a gallon of regular gas has reached $2.58, which is the highest price since November. The firm says that the twin causes are "seasonal changes," which have to do with how often people drive as the weather warms and changes in refinery capacity. Check out these tricks: 4 financial secrets rich people don't want you to know Pesticides in food: Strawberries, spinach, kale have the most residue, a new report finds … [Read more...] about Why are gas prices going up? Pump costs rise as spring starts
Mobil gas prices rise 10 cents per gallon
Jerick Sablan Pacific Daily News Published 9:41 PM EST Feb 27, 2019 Mobil has raised the price of unleaded gas to $4, up 10 cents from $3.90. The price increase comes after months of gas prices decreasing. In early January, the price for regular unleaded gas dropped to $3.90 after weeks of the prices going down. It was the sixth time gas prices declined in recent months, news files state. On Christmas Eve last year, the price of gas dropped to $4 a gallon. A week before that, the price dropped 10 cents from $4.23 to $4.13. After climbing to $4.52 per gallon in October, the price per gallon dropped to $4.43 on Nov. 16, then to $4.33 on Nov. 22 and then to $4.23 on Dec. 3. Typically, when one gas station on Guam raises or lowers prices, the others follow within a day or two. More: Vianney Hosei arrested in child pornography case after tip leads to investigation … [Read more...] about Mobil gas prices rise 10 cents per gallon
British Gas are the latest energy supplier to announce price rise
British Gas has become the fourth 'big six' energy supplier to announce a hike in its standard variable tariff. The 10% price hike from April 1 will affect around four million British Gas customers who will see their bills rise to an average £1,254 to meet the regulator Ofgem's latest price cap. Prepayment meter customers will also face a £107 (9%) price rise. In the last nine days EDF , E.ON and Npower have revealed its variable tariff would rise by 10%, adding hundreds of pounds to bills. Ofgem announced on February 7 that it would increase the price cap for default and standard variable gas and electricity tariffs by £117 to £1,254 a year from April 1 due to hikes in wholesale costs. The watchdog said previously that those affected would still pay a "fair price" for their energy as the increase reflects a genuine rise in underlying wholesale costs, rather than provider profiteering. British Gas declined to comment specifically on its latest price rise but … [Read more...] about British Gas are the latest energy supplier to announce price rise
Scottish Power joins British Gas in announcing price rise to match Ofgem cap
News / Business by Press Association 19/02/2019, 2:46 pm Send us a story Sign up to our Daily newsletter Scottish Power has joined British Gas and three other “big six” suppliers in raising its prices to meet Ofgem’s latest cap. The firm’s 10% increase to the cost of its standard variable tariff comes hours after British Gas announced the same rise – meaning that five of the big six have moved to meet the regulator’s new cap. Scottish Power’s move will affect 900,000 customers from April 1 when its standard plan will rise to an annual average of £1,254, while prepayment meter customers will also face a £106 (9%) price rise. Richard Neudegg, head of regulation at uSwitch.com, said: “Five of the big six energy companies have now confirmed their price rises less than two weeks after Ofgem announced it is raising the level of the cap. “Standard tariffs are not value for money, with or without a … [Read more...] about Scottish Power joins British Gas in announcing price rise to match Ofgem cap