Gas for less than $2 a gallon is getting easier to find. The state gas tax will rise again on January 1 but only by half a cent from the previous July 1, 2015 increase. Given the nominal tax increase and gas prices trending downward, motorists are unlikely to notice the increase.
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Jared Goff To Leave Cal For NFL Draft
It is widely believed that Goff will bypass his senior season and declare himself eligible for the National Football League draft. His journey started as the first true freshman QB in Cal history to start a season opener, going 1-11 to an 8-5 record in 2015.
Gas prices have declined throughout 2015 and are now hovering around 2009 prices, according to data from the U.S. Energy Information Administration (EIA), at $2.034 and $2.235 per gallon for gasoline and diesel, respectively. Because of the low prices, Americans spent $115 billion less on gasoline this year than they did in 2014.
European shares slip as weak commodity prices weigh on markets
Vodafone was higher, however, on renewed speculation the company is in talks about a merger with USA cable company Liberty Global. The MSCI All-World Index was down 0.3 percent, on track to close the year with a loss of about 4 percent.
“As the refining issues impacting California aren’t expected to be resolved this week, California will continue to inflate the national gas price average into the new year”.
Flooding shuts down major interstate near St. Louis
On Wednesday night, officers began rerouting traffic on I-55 at the Meramec as crews pumped water and piled sandbags. The human toll so far: At least 20 people dead over several days in Missouri and IL , the Associated Press reported.
The average price is 14.9 cents more than one week ago, 27.4 cents higher than one month ago and 37.6 cents greater than one year ago.
The drop in gas prices reflects a second year of plunging crude-oil prices amid a glut of supply-a 31% skid for the USA benchmark CLG6, +2.98% There is little sign that production will be reduced soon to better equal demand.
Among the states, gas prices in 2015 were highest on average in California for the first time ever (usually it’s Hawaii) because of numerous problems at refineries there, AAA said.
Over the last decade, only 2009 – when gas prices fell due to the economic downturn – saw lower gas prices in the United States.
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Even so, the group estimated that the average price of gas in 2016 will be between $2.25 and $2.45 a gallon.
