UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Gas prices down -- if you can call it that

|
 
Published: April 11, 2012 at 3:50 PM

WASHINGTON, April 11 (UPI) -- The national average price of regular gasoline fell -- marginally -- for the first time in 11 weeks, the U.S. Energy Information Administration said Wednesday.

The national average price of gasoline dropped by $0.002 cent in the week to $3.939 per gallon, the agency said.

The average price is now 14.8 cents above the same week a year earlier.

In the week, U.S. crude oil inventories rose by 2.8 million barrels in the week that ended Friday.

The agency said crude oil inventories rose to 365.2 million barrels in the latest report. Supplies are in the upper limit for the average range for this time of year, the agency said.

Supplies of distillate fuels, which include home heating oil, fell by 4 million barrels to 131.9 million barrels and remain in the middle of the average range for this time of year, the EIA said.

Gasoline inventories dropped by 4.3 million barrels to 217.6 million barrels and are in the upper limit of the average range for this time of year.

Inventories of finished gasoline and blending components both fell, the agency said.

The EIA said the national average price of regular gasoline fell -- marginally -- for the first time in 11 weeks.

The national average price of gasoline dropped by 0.2 cent in the week to $3.939 per gallon, 14.8 cents above the same week a year earlier.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Tornadoes Devastate Moore, Oklahoma
View Caption
A damaged movie theater is seen in aftermath of a series of tornadoes in Moore, Oklahoma, May 21, 2013. On May 20 a series of tornadoes swept through severals towns south of Oklahoma City leaving a path of destruction and killing at least 24 people. UPI/J.P. Wilson
fark
Fark Food Thread: Extra sticks of butter not your style? What are lighter ways to enjoy your favorites...
Photoshop this Kidde Kokoon
Teenagers unlike Facebook
And now to commit the perfect crime, right after I paint my master plan all over the Facebooks
Not news: Giant tiger needs surgery. Fark: To remove giant hairball
Cadet soldier butchered on London street by terrorists - who then hang around the body, ask the...