US National Average Gasoline Price Springs Higher

Clarksville Now

The average price for a gallon of regular unleaded gasoline is $2.569 at self-service pumps in the Ocean State, according to AAA Northeast's weekly survey. Last month the national average was $2.515, while the year-ago average was $2.288.

Prices were already nearing the $3.60 mark for many Bay Area cities, and across Northern California.

Drivers have seen higher gas prices in Baton Rouge after they rose by 7.1 cents per gallon in the past week.

Richmond- $2.46/g, up 9.7 cents per gallon from last week's $2.37/g.

While Boise doesn't boast Idaho's highest gas prices, the average cost per gallon in the Treasure Valley is $2.79, higher than the state average.

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Analysts say the increase is due to the rising cost of crude oil and they expect the prices to increase 17-percent over previous year.

A few reasons for the increase in gas prices can be attributed to crude oil prices rising by $3.82 to a closing settlement of $65.88, the highest settling price since January 26 this year. "This robust gasoline demand, coupled with lower supply levels, are setting the stage for rising prices in the coming weeks".

The Auto Club Group says that gasoline futures hit their highest levels since the aftermath of August's Hurricane Harvey last week, while wholesale gas hit January highs. "Right now, we are seeing the market starting to purge winter-blend gasoline to make room for the more expensive summer blend".

AAA says prices will likely continue to go up, with increases of double digits expected ahead of the summer driving season.

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