MONROE, La., (KNOE 8 News) - For six of the last seven years U.S. retail gasoline prices have risen from Christmas Day to mid-January but this year could counter to that trend.
According to Patrick DeHaan, senior petroleum analyst with GasBuddy.com, That's because of the massive buildup in gasoline inventory just announced by the U.S. Dept. of Energy's weekly petroleum report. With an increase over the previous month of 16.1 million barrels (+7%) gasoline inventory now exceeds the highest level reached during 2012 and is at the highest point recorded since February 2011.
"Gasoline inventories ended the year with the highest December level ever, and obviously we've added significantly to that, so for that reason we could see many markets remain flat or even decline slightly over the next week to two weeks," says DeHaan. "You could say it's the calm before the storm that arrives every spring."
DeHaan says that the U.S. national average is projected to be in a range from $3.21 to $3.43, with a median price at $3.29 per gallon.
Wednesday, May 22 2013 5:31 AM EDT2013-05-22 09:31:57 GMT
MONROE, La. (KNOE 8 News) - Thousands of customers across north Louisiana and southern Arkansas are without power Tuesday evening.An Entergy spokesman tells KNOE 8 News that heavy winds are making for
MONROE, La. (KNOE 8 News) - Thousands of customers across north Louisiana and southern Arkansas are without power Tuesday evening.
Friday, May 17 2013 12:09 PM EDT2013-05-17 16:09:18 GMT
FARMERVILLE, La. (KNOE 8 News) - The family of a Farmerville teen who died at football practice last week says it is overwhelmed by the community's gratitude.
FARMERVILLE, La. (KNOE 8 News) - The family of a Farmerville teen who died at football practice last week says it is overwhelmed by the community's gratitude.
Tuesday, May 7 2013 7:51 PM EDT2013-05-07 23:51:36 GMT
BASTROP, La. (KNOE 8 News) - Walking the stage to get your diploma signals the end of a journey. Our Nolan Crane shows us one high school senior whose walking is just the beginning.
BASTROP, La. (KNOE 8 News) - Walking the stage to get your diploma signals the end of a journey. Our Nolan Crane shows us one high school senior whose walking is just the beginning.
Tuesday, May 21 2013 10:06 AM EDT2013-05-21 14:06:05 GMT
MONROE, La. (KNOE 8 News) - School closures, cuts to services, and employee reductions will be actions facing new Monroe superintendent-elect Brent Vidrine.
MONROE, La. (KNOE 8 News) - School closures, cuts to services, and employee reductions will be actions facing new Monroe superintendent-elect Brent Vidrine.
Never a stranger to the big stage, David Beckham went out in a burst of fireworks and adulation Saturday in his final home game for Paris Saint-Germain before retirement.
Never a stranger to the big stage, David Beckham was finally overwhelmed and reduced to tears as he went out in a burst of fireworks and cheers Saturday in his final home game for Paris Saint-Germain before retirement.
