AAA Daily Fuel Gauge Report for Friday, 8/2/24
National Average Price for Regular Unleaded Current: $3.481; Month Ago: $3.501; Year Ago: $3.803. National Average Price for Diesel Current: $3.807; Month Ago: $3.823; Year Ago: $4.103.
https://gasprices.aaa.com/
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Sun Chemical to Increase Prices of Silicone-Based Products in North America
Due to a massive shortage in silicones and silicone-based materials from manufacturers, Sun Chemical will increase prices by 35 percent on its entire silicone-based product line in North America, effective January 15, 2018.
“Because of the silicone shortage we’re seeing in the industry, our suppliers have passed on price increases beyond anything we have seen in recent years,” said Dennis Sweet, Vice President-Commercial, Rycoline and Distributors, North American Inks, Sun Chemical. “While Sun Chemical has utilized all its resources to offset these shortages and increases, it has now become necessary to pass some of these increases on.”
U.S. Crude Rises, Gasoline Falls as Refineries Restart
U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
Gasoline futures RBc1 dropped 4 percent from their last close, to $1.68 per gallon, down from $2.17 on Aug. 31 and back to levels last seen before Harvey hit the U.S. Gulf Coast and its large refining industry.
U.S. West Texas Intermediate crude futures Clc1 rose more than 1 percent to $47.84 per barrel by 1008 GMT, up 55 cents from their last settlement.
“Gasoline fell as refineries in Texas began to reopen,” said William O‘Loughlin, investment analyst at Rivkin Securities.
Texas was edging towards recovery from the devastation of Harvey as shipping channels, oil pipelines and refineries restarted some operations.