GasPrices

Fuel Prices at Practically 6-Month High

GasPrices

The nationwide typical pump value for normal unleaded gasoline rose 3 cents per gallon in the past week to $ 3.50, the highest degree in almost 6 months, the AAA Every day Fuel Gauge Report explained Thursday.

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Fuel charges have jumped an regular of 19 cents over the past month nationally, even though some states have experienced more substantial increases. For illustration, considering that Feb. 13 rates have climbed 29 cents in California to $ 3.94 30 cents in Illinois and Michigan to $ 3.74 and $ 3.73, respectively and forty cents in Colorado to $ 3.62.

In the previous week, Washington state motorists noticed pump charges increase 7 cents to $ 3.58, and in Oregon, the common price for a gallon of typical unleaded elevated by 8 cents to $ 3.56.

In contrast, rates have moved up by only 12 cents in the final month in Southeastern states this kind of as Tennessee, Virginia and South Carolina, which as of Thursday had the lowest statewide regular at $ 3.twenty per gallon. Amid other states with lower costs are Alabama and Mississippi, $ 3.22 Tennessee, $ 3.24 Louisiana, Montana and Texas, $ 3.26 and Arkansas and Virginia, $ 3.27.

Hawaii had the most high-priced gasoline, $ 4.15 for regular unleaded, followed by California, $ 3.94 Alaska, $ 3.83 and Connecticut and New York, $ 3.77.

The average pump price tag for diesel fuel was unchanged from final week at $ 4.01. Diesel prices have risen only 7 cents given that Feb. 13.

AAA explained in spite of the current price increases, the $ 3.50 national average for normal unleaded is 21 cents less than a yr in the past, and it repeated an earlier prediction that charges this yr will peak among $ 3.55 and $ 3.75 in the subsequent month or so as refineries finish seasonal upkeep and switch over to summer time gasoline blends. Final yr, charges peaked at $ 3.79 on Feb. 27, the earliest on record. Crude oil costs also have fallen below $ 100 a barrel after trading at a lot more than $ 100 for 3 weeks, which could aid maintain a lid on gasoline charges.

Unscheduled refinery upkeep or fallout from political occasions this kind of as the Russian-Ukraine standoff could lead to costs to go higher than expected this spring, AAA mentioned.

Cars.com photograph by Evan Sears

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