Sunday, 27 May, 2018

National gas prices on the rise again

Gas prices are rising but prices in the western Upper Peninsula aren't as high as other parts of Michigan Gas prices are rising but prices in the western Upper Peninsula aren't as high as other parts of Michigan
Orlando Vargas | 15 May, 2018, 20:38

Oil prices are now at $71 per barrel, the highest since 2014.

Hampton Roads' gas prices are 8 cents more than last week, 18 cents more than last month and 59 cents higher than previous year. "The rapid increase in crud oil is the major culprit, that, added to the fact that supplies are not as prominent as they once were, and demand is picking up!"

Today's gas price is 16 cents more expensive than one month ago and 53 cents more than one year ago.

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"The Administration's move combined with the switchover to summer blend, growing global demand and shrinking supply continues to fuel pump prices as we approach the summer driving season", said Georjeane Blumling, spokeswoman for AAA Tidewater Virginia.

The state is seeing an average price of $2.60 per gallon. Modesto- $3.53/g, up 7.1 cents per gallon from last week's $3.45/g.

You may have noticed, gas prices are up, hitting levels we haven't seen in nearly three years. About GasBuddy GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. In the summer of 2014, the average price rose above $3 a gallon, just before OPEC increased production in an unsuccessful effort to drive USA shale producers out of business. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services.

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