Tuesday, 24 April, 2018

Gas Prices on the Rise

Gas prices jump at the start of spring Rising gas prices
Derrick Tucker | 27 March, 2018, 17:14

The Detroit-area's average daily gas price was about $2.68 per gallon, about 9 cents more than last week's average. AAA Mid-Atlantic reports the average cost of a gallon of regular statewide is now $2.56.

A year ago at this time, the average price in MA was 33 cents lower at $2.17.

Wilk said that one of his legislative goals in 2018 will be to repeal SB 1 - the 12-cents-per-gallon "gas tax" that went into effect in California three months ago.

"Gasoline demand has been very strong the past few weeks, as Americans travel for spring break", said AAA spokesman Mark Jenkins.

Within the last week gas has risen and are expected to rise due to the "typical spring fever", according to Patrick DeHaan, head of petroleum analysis for GasBuddy.

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Falling crude oil inventories and rising prices for crude remained the rule for the week ended March 23.

The most expensive gas price averages in Tennessee are in Morristown at $2.45 per gallon and in Nashville at $2.44 per gallon, on average, according to AAA.

Combined with the start to refinery maintenance season, the time of year where fuel refiners shut down to switch over to summer fuel blends and do annual maintenance on their facilities, it means to expect more of the same going forward, AAA warns.

This year's prices are likely to be the highest they have been since 2014.

While residents have taken note of the price increases, a number of political leaders in Sacramento have also noticed the change for consumers and have voiced their criticism for the growing prices.

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