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Archive for Monday, March 21, 2011

Gas stations’ switch to summer fuel could mean a rise in gas prices

Gas prices have dropped recently but are still above $3.00 per gallon. These prices were posted Monday, March 20, 2011, at QuikTrip, 1020 E. 23rd St.

Gas prices have dropped recently but are still above $3.00 per gallon. These prices were posted Monday, March 20, 2011, at QuikTrip, 1020 E. 23rd St.

March 21, 2011

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A change in the season could soon result in another increase in gasoline prices.

Gas prices, which are hovering around $3.39 per gallon in Lawrence, could rise another 10 cents to 15 cents when gas stations begin switching out winter fuel for summer fuel, said Jim Hanni, executive vice president of AAA Kansas.

The summer gasoline blend, which produces less pollution but is more expensive, uses different fuel additives. Before each winter and summer, production slows at refineries as the transition is made.

“In some parts of the country, (the switch) has already happened. In other parts it hasn’t happened yet. The general feeling is that it could be a 10-cent to 15-cent shift upwards as blends switch out,” Hanni said.

Last month, gas prices in Lawrence were at $3.03 per gallon, and a year ago they were at $2.66. In the past two weeks, prices have stabilized, but that could change as the summer fuel arrives.

Hanni doesn’t expect Kansas to hit the $4-per-gallon mark anytime soon, but notes that international factors make prices hard to predict.

Along with unrest in Egypt and Libya, the market could be shaken by the earthquake in Japan. Already driving prices upward was an unusually cold winter in the Northern Hemisphere, brisk consumption of oil in China and strong investment in oil futures, Hanni said.

To help ease the pain at having to pay high prices at the pump, Hanni offers some advice on how to conserve gas.

  • Drive more efficiently: Driving less aggressively also means driving more efficiently, Hanni said. Rapid acceleration and breaking uses 33 percent more gas at high speeds and 5 percent more gas while driving in city traffic. For every five miles drivers travel over 60 mph, Hanni said it is like paying an additional 24 cents a gallon. Another tip is to use cruise control, which allows for a constant speed and saves on gas.
  • Maintain your vehicle: For cars that have failed an emission test or are noticeably out of tune, fixing them can improve gas mileage by 4 percent, according to the U.S. Department of Energy. Having properly inflated tires and the right grade of motor oil also helps improve fuel efficiency.
  • Plan combined trips: Driving less is a great way to save on gas mileage. Finding people to commute with or combining errands into one trip helps cut down on gas use.

Comments

July1960 3 years, 1 month ago

One of the head honcho's of the oil company must of lost to much in Vegas last month-Or all of them needed a raise--What a bunch of Bull--But there is no way out--Wind is to slow-They seem to avoid solar-Electric car will not travel far on a charge-What are you to do,Just bend over and take it-Have no choice but to pay thier price..God Bless America!!!!!!!!!

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Olympics 3 years, 1 month ago

I just hope the oil/gas folks can get some additional tax breaks. How will they compete without billions of annual subsidies?

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Uhlrick_Hetfield_III 3 years, 1 month ago

Strange, I recall being told that the reason gas prices went up in the winter was because of the winter blend gas. Now it's because of the summer blend gas. Let's hope they don't find anymore excuses to blend our gas.

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LJ Whirled 3 years, 1 month ago

Add to the mix ... we have forgotten the lessons of the trust-busters. How many companies now control the flow of refined petroleum products in the USA?

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melott 3 years, 1 month ago

Slight silver lining (very slight): summer blend gas gets better gas mileage.

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kernal 3 years, 1 month ago

Or, quit facing to every red light and gunning the motor while inpatiently waiting for the green light. How about taking a list to the grocery store so you don't have to drive there every two days. There are so many ways we can conserve. Our grandparents did it during WWII when gas was rationed.

Hmmm, gas rationing.

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Kontum1972 3 years, 1 month ago

we should Nuke ourselves.....then we can rebuild.......simple!

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Kontum1972 3 years, 1 month ago

................................And Thennnnnnnnnnnnnnnnn!

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slowplay 3 years, 1 month ago

Liberty_One states: "The problem is your government is taxing the heck out of you through inflation.".... This statement is blatantly wrong, misleading and makes no sense. The current tax rate on gas is about .50/gal. The feds take about $.20, the states (which varies) take around $.30. I'm not an economist so I won't make absurd generalizations about inflation (which is actually lower than last year) or the value of the dollar. Suffice it to say, the tax rate was almost identical when gas was closer to $2.00/gal. There are many factors in play here, but the most influential are commodity investors speculating on a price increase due to the unrest in the Middle East (lower production and supply disruption).

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DeaconBlue 3 years, 1 month ago

I'm happy that Patsy banned drilling in the gulf and backs Brazils Petrobas drilling there. This move will force America to pay more for gas and move us to his bullet trains, the T and wind farms.

Patsy knows what he is doing.

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slowplay 3 years, 1 month ago

Supply and demand. I was at the gas station a few days ago and the guy at the next pump was really PO'd at the price of gas. He happened to be driving a Suburban. Every couple of years we go through this. Price goes up, we reduce our consumption, price goes down.

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grammaddy 3 years, 1 month ago

It will keep going up until we wean ourselves off foreign oil.When will you people get it?It's all part of learning to live within your means.

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lionheart72661 3 years, 1 month ago

Oil is at 102.33 a barrell Oil is still below the $106.95-a-barrel high hit two weeks ago, And the price of gas is still 3.39 a gallon. I agree just another excuse to raise the price.We are in a no win situation again. Our so called leaders will continue to lie to us so business as usual. I saw the word inflation. well they need to inflate our wages so we can keep up. i am just thankful we my family doesn't need to drive that often.

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Cai 3 years, 1 month ago

@MsNubbins

Short term? Maybe, if we can enforce it (which has an entirely different question of can and/or should we?).

Long term? That still leaves us dependent on someone else's very finite resource. And that's not a recipe for stability.

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tennesseerader 3 years, 1 month ago

If the greenie weenies would just let us drill on U.S. land we would have all the oil and gas we need.

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MsNubbins 3 years, 1 month ago

Why don't we just take the oil from the middle east? If they don't like it, they can suck it, parden my french ladies and gentledweebs.

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Flap Doodle 3 years, 1 month ago

Don't forget, the current regime's good buddy, Richard Trumka, wants you to pay higher gasoline taxes to support public employee unions. http://finance.yahoo.com/tech-ticker/afl-cio-chief-raising-taxes-will-create-more-job-535955.html?tickers=xlf,skf,^dji,^gspc,ge,iyj,xom&sec=topStories&pos=9&asset=&ccode=

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Liberty_One 3 years, 1 month ago

We will hit $5 a gallon this year, I guarantee it.

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red_devil 3 years, 1 month ago

No s**t? What a big surprise. In related news, the sun will come up tomorrow, and gas prices are expected to rise. What a bunch of bs.

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corey872 3 years, 1 month ago

Hanni left out one more important tip - keep an eye on E85 prices. The price spread typically widens in the summer - it's usually 25 and up to 30% less expensive around here. This more than offsets the 10-15% drop in mileage seen on most FFV's. So overall, makes a substantial savings...and puts Americans to work vs funding foreign dictators and terrorists!

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