15:59 GMT +326 March 2017
Live
    A view of the gas torch. (File)

    US Fuel Import Prices Drop for First Time in 2017 - Labor Statistics Bureau

    © Sputnik/ Alexei Danichev
    US
    Get short URL
    0 9511

    Prices for import fuel in the United States fell 0.7 percent in February, the first downturn since a 1.1-percent drop in November and the second monthly decline since the index fell in August, according to the Bureau of Labor Statistics.

    WASHINGTON (Sputnik) — US fuel import prices fell in February for the first time in 2017, the Bureau of Labor Statistics reported on Thursday.

    "Prices for import fuel fell 0.7 percent in February, the first downturn since a 1.1-percent drop in November and the second monthly decline since the index fell in August," the report stated.

    Prices for both petroleum and natural gas fell 0.7 percent and 1.3 percent, respectively.

    Despite the decline, the price index of fuel imports increased 68.9 percent from February 2016, the largest increase since 2010.

    Overall, the import price index rose 0.2 percent in February, following a 0.6-percent increase in the previous month.

    Export prices increased 0.3 percent in February after rising 0.2 percent in January.

    Import prices have increased 4.6 percent over the last year, the largest increase since 2012.

    Related:

    US Proposes Nuclear Fuel Bank for Countries Facing Reactor Fuel Shortages
    Trump Signs Bill Reducing US Oil, Gas, Mining Regulations
    US Congress May Allow More Oil, Gas Drilling in National Parks
    Democrats Urge US Senate Leaders to Keep Natural Gas Waste Prevention Rule
    Tags:
    fuel, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment