Close Menu
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    • Digital Subscription
    • Advertisement
    • Contact Us
    Facebook X (Twitter) Instagram
    The Tennessee TribuneThe Tennessee Tribune
    Advertise With Us
    • Home
      • COVID-19 Resource Center
        • Dr. Henry Louis Gates’ PSA Radio
      • Featured
    • News
      • State
      • Local
      • National/International News
      • Global
      • Business
        • Commentary
        • Finance
        • Local Business
      • Investigative Stories
        • Affordable Housing
        • DCS Investigation
        • Gentrification
    • Editorial
      • National Politics
      • Local News
      • Local Editorial
      • Political Editorial
      • Editorial Cartoons
      • Cycle of Shame
    • Community
      • History
      • Tennessee
        • Chattanooga
        • Clarksville
        • Knoxville
        • Memphis
      • Public Notices
      • Women
        • Let’s Talk with Ms. June
    • Education
      • College
        • American Baptist College
        • Belmont University
        • Fisk
        • HBCU
        • Meharry
        • MTSU
        • University of Tennessee
        • TSU
        • Vanderbilt
      • Elementary
      • High School
    • Lifestyle
      • Art
      • Auto
      • Tribune Travel
      • Entertainment
        • 5 Questions With
        • Books
        • Events
        • Film Review
        • Local Entertainment
      • Family
      • Food
        • Drinks
      • Health & Wellness
      • Home & Garden
      • Featured Books
    • Religion
      • National Religion
      • Local Religion
      • Obituaries
        • National Obituaries
        • Local Obituaries
      • Faith Commentary
    • Sports
      • MLB
        • Sounds
      • NBA
      • NCAA
      • NFL
        • Predators
        • Titans
      • NHL
      • Other Sports
      • Golf
      • Professional Sports
      • Sports Commentary
      • Metro Sports
    • Media
      • Video
      • Photo Galleries
      • Take 10
      • Trending With The Tribune
    • Classified
    • Obituaries
      • Local Obituaries
      • National Obituaries
    The Tennessee TribuneThe Tennessee Tribune
    Business

    Limited Fireworks Expected For U.S. Gas Prices Ahead Of July 4 Weekend

    zenger.newsBy zenger.newsJune 30, 2021No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Advertisement

    While there is now enough gasoline across the United States to keep up with surging demand, prices are being kept high by a lack of drivers to deliver it, analysts told Zenger News.

    Running high ahead of the long July 4 holiday weekend in the U.S., the average retail price for regular unleaded hit $3.10 per gallon on Tuesday, according to travel club AAA. That’s up 3 cents per gallon from last week — and nearly a dollar more per gallon than this time last year.

    Patrick DeHaan, the senior petroleum analyst at GasBuddy, told Zenger from Chicago that while fundamental supply-side issues are now limited, truckers are running behind on their deliveries, which has created a temporary strain for the consumer market.

    Most people probably won’t notice, he said, but it only adds to the looming issue of demand outstripping supplies.

    “There is ample gasoline at refineries, terminals and even offshore,” added Tom Kloza, a senior oil analyst for the Oil Price Information Service. “The problem is that we are about 10-15 percent short of drivers to move the trucks from the terminals to the stations.”

    Gasoline production last week averaged about 10.3 million barrels per day, just shy of a record, according to DeHaan.

    “There’s plenty of fuel, but like many industries are dealing with right now, there remains a labor shortage and for the fuels industry, it’s manifesting itself in stations that can’t stay caught up on gasoline,” he said.

    Source: U.S. Energy Information Administration

    Foreign suppliers could be coming to the rescue though, said Patricia Hemsworth, a senior vice president at Paragon Markets. Suppliers east of the Suez Canal are sending more and more gasoline to the U.S. market, she said.

    “We expect to get 900,000 barrels per day of gasoline this week,” Hemsworth said.

    The global demand picture, she added, was somewhat fluid. U.S. demand is strong given that many states have ended pandemic-related restrictions. The Delta variant of COVID-19, however, is becoming more and more problematic. It’s hit particularly hard in Asia and parts of China, and some spots in Europe may return to lockdown if new cases spiral out of control.

    That global demand scenario could actually help lower prices for crude oil and gasoline if demand falls off.

    At home, DeHaan at GasBuddy said he’s not too concerned about an extraordinary spike in gasoline prices before the July 4 weekend.

    “I don’t necessarily expect July 4 to be the most problematic since Americans all have varied dates they leave to hit the road,” he said.

    (Edited by Bryan Wilkes and Alex Willemyns)



    The post Limited Fireworks Expected For U.S. Gas Prices Ahead Of July 4 Weekend appeared first on Zenger News.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    zenger.news
    • Website

    Related Posts

    Own an online plant based dispensary

    September 18, 2025

    Hoplophobes Say The Strangest Things

    September 18, 2025

    Eggs Up Grill Reaches Milestone with 100th Location Now Open in Kingsport

    September 8, 2025

    Sprouts Farmers Market Hosts Hiring Event Ahead of Mt. Juliet Opening

    August 28, 2025

    NBCC MINORITY BUSINESS OF THE WEEK: Flying Dress

    August 20, 2025

    Toon appointed new role at MMCV

    August 16, 2025

    Comments are closed.

    Advertisement
    Business

    Own an online plant based dispensary

    September 18, 2025

    Hoplophobes Say The Strangest Things

    September 18, 2025

    Eggs Up Grill Reaches Milestone with 100th Location Now Open in Kingsport

    September 8, 2025
    1 2 3 … 387 Next
    Education
    HBCU

    Another Request for HBCUs Security

    By April RyanSeptember 18, 2025

    BLACKPRESSUSA NEWSWIRE — In the wake of the credible threats against nine HBCUs on Thursday,…

    Union Sportsmen’s Alliance Campout Inspires Next Generation at Montgomery Bell

    September 18, 2025

    Federal Cuts Strip $350 Million From HBCUs and Minority-Serving Institutions

    September 15, 2025

    Tractor Supply Raises More Than $1 Million to Support FFA Students in Pursuing Postsecondary Studies

    September 9, 2025
    The Tennessee Tribune
    Facebook X (Twitter) Instagram
    • About Us
    • Digital Subscription
    • Store
    • Advertise With Us
    • Contact
    © 2025 The Tennessee Tribune - Site Designed by No Regret Media.

    Type above and press Enter to search. Press Esc to cancel.

    Our Spring Sale Has Started

    You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/