Click here to sign up. To subscribe, call 904.829.6586 Order Home Delivery Online Order or renew daily and Sunday home delivery of the Record for one year.
People are price shopping.
While prices dropped by the end of the day, analysts said they would remain volatile into the summer and probably increase. Gasoline inventories in the United States are 26 percent lower than they were two decades ago and no new refineries have been built since 1976. The only way to turn it around is to build more refineries.'' Total inventories of reformulated gasoline declined 1.4 million barrels to 39.9 million barrels last week, according to the Energy Department. A year ago, there were 42 million barrels on hand. The high price of natural gas also plays a role in today's high price of gasoline.