Marcellus Goliath Transforms Towns to Gas Trade

After Steadily Falling, Price for Gas Notches an Increase

By On January 28, 2015 1:55 pm


New York Times

By Clifford Krauss

HOUSTON — For 123 consecutive days, the AAA motor club reported a daily drop in national gasoline prices, bringing hundreds of dollars of savings to almost every American family. But that streak has now come to an end.

On Tuesday, the average price for a gallon of regular gasoline rose a fraction of a penny, to $2.04. That’s still 27 cents lower than it was a month ago, and $1.25 lower than a year ago, the product of a more than 50 percent drop in oil prices since June.

The slight daily increase is not necessarily a sign of a trend toward higher prices at the pump, energy experts said. More likely, it is the product of some partial and temporary refinery shutdowns in Ohio, Texas and Louisiana that are raising prices in the country’s midsection.

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