Craig briefs: Retail gas prices likely to drop 10 to 25 cents
July 16, 2014
The United States average retail price of gasoline has fallen below $3.60 per gallon for the first time since April 10, according to GasBuddy.
Prices have been on an 18 consecutive day streak where the current price was less than the price from the previous day, and it's the highest number of consecutive down days since the period between April 4, 2013 and April 19, 2013, when prices fell 11.8 cents per gallon from $3.63 to $3.52. The U.S. average, now $3.59 per gallon has dropped by 5 cents in the past week.
"West Texas Intermediate crude, the benchmark for the U.S., traded below $100 per barrel today for the first time since April, reflecting a slow but steady decline in recent weeks," Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. "Over the same period, we've seen wholesale crude prices across the country slip dramatically. West Coast wholesale prices have fallen by more than 35 cents per gallon since the beginning of the month, and across the rest of the country wholesale prices have fallen by 15 to 20 cents per gallon."
"We're confident that in coming weeks we'll see retail prices catch up to the wholesale losses. West Coast consumers will likely see their retail prices slide from 15 to 25 cents per gallon over the next two weeks, and across the rest of the country we can expect prices at the pump to shed from 10 to 20 cents per gallon," DeHaan said.
Youth hockey seeks coaches for season
Craig Youth Hockey is looking for coaches for the 2014-15 hockey season.
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Applications may be found on Craig Youth Hockey Association website at http://www.leaguelineup.com/craigyouthhockey, or call John Doane at 970-824-1964. Applications will be accepted until July 31.