The USW union has just announced that negotiations with refinery operators have improved, and have delayed a strike by 24-hours.
While it may not seem like much of an extension, it is good news that talks are finally getting somewhere. It is yet to be seen if the next 24-hours will yield the progress that the USW is looking for.
Any news of an agreement would come as a welcome sign to U.S. consumers who are relying on cheaper gasoline to help them get through short-term struggles.
Basically, any price hike that might have happened Monday may get pushed to Tuesday if no new agreement is announced… so a hike is still possible if a strike is not averted.
This is welcome news as progress is being made to avert a huge spike in gasoline prices as a result of a strike so rest easy tonight!