Thursday, 20 September, 2018

Gas prices expected to rise headed into the spring

March gas prices likely to head higher Gas prices rise across state
Johnnie Parks | 07 March, 2018, 16:24

Jeanette Casselano, a AAA spokesperson, said gas prices could be priced as much as 40 cents a gallon higher this year compared with last spring.

Average retail gasoline prices in Sacramento have risen 2.3 cents per gallon in the past week, averaging $3.17/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. Chattanooga gas prices are still 13.4 cents per gallon less than a month ago and remain 29 cents below the USA average. The national average has decreased 8.3 cents per gallon during the last month and stands 21.0 cents per gallon higher than this day one year ago.

The expected rise in gas prices is due to "maintenance season", in which refineries are shut down temporarily; the annual switch to more expensive summer-blend gasoline; and an increase in demand.

The largest weekly changes are: OH (+9 cents), IN (+8 cents), Georgia (+5 cents), Alaska (+4 cents), Kansas (+4 cents), MI (+4 cents), SC (+3 cents), OR (+3 cents), IL (+3 cents) and New Jersey (-3 cents). That's down 2 cents from a week ago, and almost 10 cents over the past month.

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The lowest average gas price can be found around Flint, where the average price for a gallon of gas is about $2.50. Statewide, drivers are paying an average of $2.53.

In the region, gasoline inventories dropped for the third consecutive week, decreasing by 1 million barrels.

Other high prices are $2.79 in Pennsylvania, $2.73 in Washington D.C. $2.71 in NY and $2.69 in CT.

Gas prices inched upward during the past week, following state and local trends, according to statistics. It's up to 30 cents more for a gallon on average. Georgia (+5 cents), SC (+3 cents) and Texas (+3 cents) saw the largest increases in the region and also land on the top 10 states with the biggest changes this week. The biggest changes are Georgia at 5 cents, SC at 3 cents and Texas at 3 cents. At $2.41, Colorado is the least expensive in the region.

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