U.S. gas prices stable, even with winter-weather strains

10 Jan 2018   Prices, USA

Severe winter weather put a strain on the U.S. energy grid, but low consumer demand for gasoline left the price at the pump stable, market reports found. More than a foot of snow fell on some major eastern U.S. metropolitan areas and temperatures dipped to sub-Arctic levels. Utility companies servicing states like New York and Massachusetts said they were braced for long-term outages, though much of the grid escaped with minor damage. For gasoline, Jeanette Casselano, a spokeswoman for motor club AAA, said there wasn’t much of a test for gasoline. “On the week, consumer demand for gasoline decreased,” she said in a statement . “If this continues, gas prices will decrease in the weeks ahead.” AAA reports […]

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