Crude prices fall - Alabamas13.com WVTM-TV Birmingham, AL

Text Description

Crude prices fall

Posted: Updated:

The cost for a barrel of oil fell last week for the sixth week in a row and remains below $95 a barrel. Although crude prices moved lower, retail gas prices remained relatively flat from the week prior.

Increased supplies continue to place bearish pressure on oil prices. U.S. stockpiles of crude oil rose for the eighth week in a row as refinery output climbed to a 24-year high, according to the Energy Information Administration. Stockpiles increased by 2.6 million barrels to 388 million barrels and refinery output jumped by 123,000 barrels. Although crude prices inched lower, the price for a gallon of gas fluctuated a few cents in both directions.

 

"Gas prices are still looking good for the upcoming holiday weekend," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "Pump prices have stabilized a bit, but remain below last year's averages. Even if gas prices were to move higher in the next couple of weeks, they're not expected to have a major impact on holiday travel plans."

 

The national average price of regular unleaded gasoline is $3.21, 2 cents more than last week.

Nominate a story idea to be investigated

  • It's Your Money: Story Idea Submission

    Submit your story ideas for our next "It's Your Money" segment.

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thank you for your submission. WRBL News 3 will review your idea and may get back to your with additional questions.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Update: Kellogg's plant to close by end of 2015, company responds

    Update: Kellogg's plant to close by end of 2015, company responds

    Monday, July 28 2014 6:11 PM EDT2014-07-28 22:11:13 GMT
    The Columbus Kellogg's plant is expected to close by the end of 2015.The Columbus Kellogg's plant is expected to close by the end of 2015.
    The Columbus Kellogg's plant is expected to be shut down by the end of 2015.
    The Columbus Kellogg's plant is expected to be shut down by the end of 2015.
  • Special Report: Selling seized guns

    Special Report: Selling seized guns

    Monday, July 21 2014 11:33 PM EDT2014-07-22 03:33:31 GMT
    Instead of destroying them, The Columbus Police Department is selling hundreds of seized guns. Some of the guns were used in crimes, others were found on the road- all of them now headed back to the streets.“The policeman in me says I’d rather not see that gun back on the street, we’ve already gotten a hold of it once, but you’ve got 550 guns- will every one of them be used in a crime? No. Some of them will be sold to someone that will enjoy the use of that gun for the rest of their life and ...
    Instead of destroying them, The Columbus Police Department is selling hundreds of seized guns. Some of the guns were used in crimes, others were found on the road- all of them now headed back to the streets.“The policeman in me says I’d rather not see that gun back on the street, we’ve already gotten a hold of it once, but you’ve got 550 guns- will every one of them be used in a crime? No. Some of them will be sold to someone that will enjoy the use of that gun for the rest of their life and ...
  • Columbus police searching for armed robbery suspect

    Columbus police searching for armed robbery suspect

    Monday, July 28 2014 10:09 AM EDT2014-07-28 14:09:36 GMT
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
Powered by WorldNow

1732 Valley View Dr.
Birmingham, AL 35209

Telephone: 205.933.1313
Fax: 205.323.3314
Email: newstips@alabamas13.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.