S.C. gas prices continue spring rise; still lowest in nation

Posted April 13, 2017

"Demand for gasoline likely will be flat or slightly lower than previous year because of the increase in price", DeHaan said.

Gas prices cruised to a 19-month high across the USA last week as refineries began switching to more expensive summer-blend gasoline, with maintenance issues at two refineries accelerating the increase in IL, according to AAA.

The price of crude oil has risen about 15% over the previous year, although at $53 a barrel, oil still costs about half as much as it did in the middle of 2014.

The price of gasoline is up slightly in Rhode Island, rising one penny per gallon since last week.

According to AAAs data, the market average price for self-serve regular gasoline in the Los Angeles-Long Beach area on April 7 is $3.025, up 1.3 cents since last Friday.

"This is the type of volatility we've come to expect this time of year", Mark Jenkins, a spokesman for AAA Auto Club Group, said.

"Last year, Americans were taking the road trips they had delayed during the era of higher prices", DeHaan said by telephone.

The price of gasoline on Monday morning was higher by seven cents a gallon compared with last week's national average pump price for regular.

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Oil is now $5 per barrel higher than just a few weeks ago, which DeHaan said is the main culprit for rising gas prices.

AAA said Georgia's average price of $2.28 per gallon was the highest since October 2016.

"Gasoline prices rarely, if ever, decline between the start of the year and close of the first quarter as prices typically begin to spike in late-February due to refinery maintenance and the transition to summer gasoline", he wrote in his blog.

"Five of the Great Lakes states - Michigan, Illinois, Indiana, Missouri and Wisconsin - have some of the country's most significant gas price increases", Mosher said. Oakland- $2.98/g, flat from last week's $2.98/g.

The crude oil market has largely recovered after spending almost three weeks under $50 a barrel.

West Texas Intermediate prices were over $53 Monday; three weeks ago, oil was selling for $48.04 a barrel, as the global market was flooded with the product.

But oil remains far below its mid-2014 highs.