Including the change in gas prices in Hawaii during the past week, prices yesterday were 67.1 cents per gallon higher than the same day one year ago and are 2.6 cents per gallon lower than a month ago.
The highest average prices per gallon last week were reported from California ($3.55); Hawaii ($3.48); Alaska ($3.22); Washington ($3.20); Nevada ($3.11); OR ($3.09); Utah ($2.97); Pennsylvania ($2.94); Idaho ($2.93); and NY ($2.80).
As recently as April 9, GasBuddy senior petroleum analyst Patrick DeHaan said: "As markets have seen concern rise of a possible trade war between the US and China, oil prices have been hit hard, leading gas prices to dramatically slow their recent ascent".
AAA says get ready for a spike in fuel prices. "Crude oil is selling at high prices compared to previous years and domestic gasoline demand has been high most of the winter among the factors all driving gas prices up and draining consumers' wallets".
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Turkish Deputy Prime Minister Bekir Bozdag speaks to the media in Ankara , February 20, 2018. The email address you have provided is already registered.
Honolulu- $3.42/g, up 6.5 cents per gallon from last week's $3.36/g.
Even under ideal circumstances, Golden State gas prices were primed to rise. The national average has increased 17.7 cents per gallon during the last month and stands 30.1 cents per gallon higher than this day one year ago.
His opinion about prices not having much higher to rise is backed up by information the Energy Information Administration released last week that predicted gas prices will average $2.74 a gallon nationally this summer. Growing crude exports, alongside OPEC-led production cuts, have helped stocks decrease over the past year, but the year-over-year decline in stocks has contributed to higher crude prices. That was a byproduct of Senate Bill 1 signed into law earlier in 2017 by Gov.
Patrick DeHaan, the head of petroleum analysis for GasBuddy, said gas prices have peaked in mid-May the past few years as refineries finish the transition to a more-expensive summer blend. Let's just hope we don't go to extra innings.