Average gas prices in Utah reach $3.00 for first time since 2015

Florida gas prices hit 3-year high

Analysts think higher gas prices are back for the foreseeable future.

The average price for a gallon of regular gas in the Bradenton-Sarasota-Venice market was $2.70 on Monday, AAA reported.

"Ultimately, OPEC bears much of the responsibility for cutting oil production in 2017, leaving US oil inventories at far lower levels than a year ago", said Patrick DeHaan, head of petroleum analysis at GasBuddy.

Florida's state average surpassed last year's high of $2.73 by one cent on Thursday, becoming the highest daily average price since December 2014.

Since 2014, the Organization of the Petroleum Exporting Countries (OPEC) has successfully aligned supply to demand, drained crude oil glut and has continued to cause oil prices to increase. The price of oil is about 25% more than previous year, as what used to be a global supply glut, is now tightening. On the gasoline side, demand is strong and inventories are down as refineries wrap up their maintenance season and begin pushing out summer-blend fuel, which is more expensive to produce.

Music's business model shifts as streaming revenue dominates for first time
The global sync market also grew, climbing almost 10 percent and maintaining its two percent share of all recorded-music revenues. Downloaded albums and songs are fading even faster, with revenue down 20.5 per cent in 2017 globally and 23 per cent in Canada.

On rendering "lit up" the new flagship of LG
Under the hood, the smartphone will be powered by a Qualcomm Snapdragon 845 chipset with 4GB of RAM and 64GB internal storage. VenutreBeat reporter and authentic leaker Evan Blass posted a news image on twitter , showing each and every side of LG G7 .

Cricket Australia's Birthday Tweet To Damien Fleming Angers Sachin Tendulkar Fans
Fans of "Master Blaster" Sachin Tendulkar celebrated his 45th birthday outside his residence at Perry Cross road in Mumbai. Sachin chipped in with a brisk 36 as he helped his side cross the 270 run mark which was huge back in the day.

Rising oil prices are the main culprit.

According to gasoline price website GasBuddy.com, "average retail gasoline prices in Baton Rouge have risen 6.3 cents per gallon in the past week". But gas prices hitting the $3 a gallon mark is not out of the question.

Patrick DeHaan, head of petroleum analysis for the price-comparison website and app GasBuddy.com, noted a new record for USA demand was set last week - an "ominous" sign for prices if that demand is sustained over the next few weeks. So there are now a number of factors keeping upward pressure on gas prices.

At the close of trading Friday, West Texas Intermediate crude oil settled at $68.40 per barrel, climbing above $68 a barrel on Wednesday for the first time since 2015. It's making ongoing production cuts by OPEC and non-member nations such as Russian Federation start to have a larger impact on oil prices.

Related News:

  • Bollywood stars burn the dance floor at high-profile wedding reception

    Bollywood stars burn the dance floor at high-profile wedding reception

    Aishwarya Rai Bachchan , Jaya Bachchan , Sonam Kapoor , Sonali Bendre , Neetu Kapoor and Sara Ali Khan are just to name a few. Clad in a black and white sharara, Sonam looked attractive as she danced to her hit song at the wedding reception.
    Two security personnel, 1 militant killed in Pulwama encounter

    Two security personnel, 1 militant killed in Pulwama encounter

    Official sources told news agency that a joint team of army's 42 RR, SOG and CRPF have cordoned the forest of Goitango in Laam in Tral.
    Ranbir Kapoor's transformation as Sanjay Dutt in 'Sanju' is mind-blowing

    Ranbir Kapoor's transformation as Sanjay Dutt in 'Sanju' is mind-blowing

    Anyway, Rajkumar Hirani's biopic on Sanjay Dutt is scheduled to release on June 29 this year. Even after he was out from the prison, Sanjay Dutt went on to star in Bhoomi.
  • Google brings its jobs search feature to India

    Google brings its jobs search feature to India

    It is available in English on the Google app for Android and iOS as well as in Google Search on the desktop and mobile. With this development, the company is planning to connect numerous job seekers around the country on one platform.
    Dollar Rises as Treasury Yields Climb

    Dollar Rises as Treasury Yields Climb

    That drove the gap - or spread - with German bonds to the widest in 29 years while lifting the dollar .DXY nearly half a percent. USA gold futures fell 0.2 per cent to US$1,336.30 per ounce. "We think the euro's weakness may be overdone as despite the U.S.
    Facebook insists

    Facebook insists "users are not the product" in controversial new statement

    There still is a Facebook employee, Joseph Chancellor-whom Kogan says he "did everything with"-who remains with the company". Aleksandr Kogan , the Cambridge University researcher vilified by Facebook over the company's biggest-ever privacy scandal.
  • Allison Mack Tried to Recruit Emma Watson for Her Alleged Sex Cult

    Allison Mack Tried to Recruit Emma Watson for Her Alleged Sex Cult

    "Let me know if you're willing to chat", she added on February 19, 2016, despite the fact that Watson never responded. Mack is considering a plea deal that would allow her to avoid a trial, a source told PIX11.
    Almonte, Moustakas homers lead Royals over Tigers

    Almonte, Moustakas homers lead Royals over Tigers

    Tigers starter Michael Fulmer pitched seven innings, allowing two runs on eight hits and a walk while striking out five. Runners left in scoring position: Kansas City 6 (Cuthbert, Almonte 3, Goins, Gallagher); Detroit 1 (Martinez).
    Govt not in favour of cut in excise duty on petrol, diesel

    Govt not in favour of cut in excise duty on petrol, diesel

    Currently, crude oil is at $75 against the peak of $110 barrel in 2013 but still, people are made to pay more for the fuel. At present, petrol is retailing in Mumbai at Rs 82 .35; in Kolkata at Rs 77.20; in Delhi at Rs 74.50 and Chennai at 77.29.
  • Miracle Wins Big Brother Naija Season 3

    Miracle Wins Big Brother Naija Season 3

    During her time in the show, she revealed she still loved her boyfriend despite all the kissing and romping she had with Miracle . Miracle won N25 million cash, a sports utility vehicle and other prizes with a combined worth of N45 million.
    TSB boss promises compensation over online banking meltdown

    TSB boss promises compensation over online banking meltdown

    Morgan added: "This is yet another addition to the litany of failures of banking IT systems". IT Pro approached TSB for comment, but the bank did not respond at the time of writing.

    Last Week Amazon.com, Inc. (NASDAQ:AMZN) Ratings

    Finally, CAM Group Holding A S bought a new stake in shares of Amazon.com during the third quarter valued at $244,252,000. Finally, V Wealth Management LLC raised its holdings in shares of Amazon.com by 24.8% during the fourth quarter.

Most liked

Eagles' Jeffrey Lurie Called Donald Trump's Presidency 'Disastrous'
The Eagles will probably have several prominent no-shows if the team makes the trip from Philadelphia. Other champions have both gone to the White House and some have declined the invitation entirely.

Spotify announces new free version of its mobile app
This ability to play songs as you prefer will give users more freedom to actually experiment with what they listen to, Zafar said. That's changing in the new Spotify mobile free app, though it's not a complete free-for-all.

NHL Playoffs 2018: Nathan MacKinnon has PK Subban's respect, vote for MVP
Connor Hellebuyck boosted Winnipeg up the standings with a 44-11-9 record, 2.36 goals-against average and.924 save percentage. DENVER (AP) - The Nashville Predators are done dealing with the speed of Nathan MacKinnon and the Colorado Avalanche .

Rafael Nadal eyeing to build on 11th Monte Carlo title
With the stage being perfectly set in Monte Carlo, it is just a matter of staying fit and continuation of the all-conquering form. Nadal's win also ensured the Spaniard keeps his top ranking ahead of Roger Federer , as well as taking him to 76 career titles.

Amazon will now deliver packages to Prime members' cars
It will be offered in San Francisco, Seattle, Atlanta, Nashville, Milwaukee, Salt Lake City, Washington, D.C. and other areas. A connected auto service plan will enable Amazon Key to connect with your vehicle for in-car deliveries.

MURIC Supports President Buhari Controversial #LazyNigerianYouth Statement
The party says that this is why their focus is on the Nigerian youths who are the actual builders of any society. This, for me, is an aberration of language and most unfortunate.

Here's everyone who's in Avengers: Infinity War
While everyone's already going gaga on " Avengers: Infinity War " posters and teaser, there's something more to feed the excitement.

Madonna Loses Lawsuit Over Tupac Letter After Waiting Too Long to Sue
The judge's view was that if Madonna didn't want the Tupac letter to be sold, she should've never signed the release. Fans can place their bids again in July when the items go back on sale.

Trump's Revenge: US Oil Floods Europe, hurting OPEC, Russia
West Texas Intermediate crude futures rose 24 cents to $68.64 a barrel, rebounding from a session low of $67.14. The panel tasked OPEC's Secretariat to look into different metrics with deep analysis of market uncertainties.

Hard to catch Man City if they invest, Mourinho warns
Prior to the FA Cup semi-final clash with Tottenham at Wembley, on Saturday his midfield partner Nemanja Matic was asked whether he would follow suit with Pogba's style.

Yeti Coolers ends its relationship with the NRA
Delta faced a storm of criticism from NRA supporters after axing its NRA discount, of which only 13 fliers ever took advantage. But, in a Monday statement , YETI has sought to clarify that an April 20th memo circulated by the NRA is factually inaccurate.

Huawei P20 Pro, P20 Lite launched in India
It is powered by a HiSilicon Kirin 659 chipset clubbed with 4GBRAM/64GB storage variant, which is expandable up to 256GB. On the front, it has a 24MP Sony IMX576 sensor with f/2.0 aperture along with 3D portrait lighting effects.

Hasbro blames Toys 'R' Us as sales sink
Year-to-date, HAS has declined -5.17%, versus a 0.23% rise in the benchmark S&P 500 index during the same period. "We are working to put the near-term disruption from Toys "R" Us behind us", CEO Brian Goldner said .

Forget Deepika, Ranveer express Love for his 'Bae'
The film is Ranveer's second collaboration with Zoya which showcases the actor in a leaner avatar. This is the first time Ranveer Singh will share screen space with Alia Bhatt .

Ride-sharing app Careem says it was hacked
Our wider security protocol keep passwords encrypted and credit card details on a separate system. Last year, Yahoo announced that all 3 billion of its accounts were hacked in a 2013 data theft.