Gas Prices Will Rise This Summer But Should Remain Low

Gas Prices Will Rise This Summer But Should Remain Low

The highest price on the First Coast, according to Gasbuddy.com, is at the Shell station in Yulee on US 17 near Interstate 95, where a gallon of unleaded regular gas was running at $2.78 per gallon on Monday.

Regular gasoline averaged $2.42 a gallon Monday, according to the Energy Information Administration. This summer, gasoline consumption is expected to increase just 24,000 barrels a day from last year's record. That's about 29 cents higher than this time past year.

Anchorage- $2.73/g, up 8.5 cents per gallon from last week's $2.65/g.

On the other hand, crude oil production in the United States is up, creating saturation in the market that keeps prices from rising higher. Many areas are nearing completion of the transition to summer gasoline, and with it comes a complex list of various summer blends of gasoline that cause the price at the pump to be more expensive every spring.

"Over the years, public opinion for whether a gallon of gasoline is too high or too low has fluctuated as much as the price itself", AAA said.

The average price for a gallon of gas on Monday in the Bradenton-Sarasota area, according to AAA.

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

More news: LeEco Backs Out of $2 Billion Vizio Acquisition

If you're living in the Western United States, home to six of the most expensive states for gasoline, you're probably eyeing this year's national average with envy.

The Auto Club Group (ACG) is the second largest AAA club in North America. Crude oil futures rallied following last week's US missile strike against a Syrian air base amid concerns that further unrest could lead to oil supply disruptions.

Wholesale gas prices rose 7 cents last week as demand rose and gasoline supplies fell.

The latest GasBuddy.com survey of ME gas stations shows the average price of gas rose 4.4 cents to $2.31 per gallon last week.

Gas prices rise over the summer as more people hit the road to take advantage of the warmer weather and school breaks.

State of Tennessee- $2.13, up 4.8 cents per gallon from last week's $2.09.

AAA said the crude oil market has largely recovered after spending almost three weeks under $50 per barrel.

Related Articles

  • Abe praises Trump's security commitment after call on Syria, North Korea

    Abe praises Trump's security commitment after call on Syria, North Korea

    The contradictions represent the different foreign policy power structures that have emerged within the Trump administration. Bannon, who has been accused of making Islamophobic and anti-Semitic statements, was removed as well.
    Airstrikes on Syria might also send message to North Korea

    Airstrikes on Syria might also send message to North Korea

    North Korea is emerging as one of the most pressing foreign policy problems facing the administration of U.S. The two also did not discuss any possible strike against the North by the Trump administration, he said.

    Suspected Isis recruiters arrested in St Petersburg in wake of metro attack

    Investigators say they have searched the home of the suspected suicide bomber behind Monday's deadly explosion on the St. Meanwhile, his parents - who have said they have not seen their son for quite some time - arrived in St.
  • Fighting intensifies in Palestinian refugee camp in Lebanon

    Fighting intensifies in Palestinian refugee camp in Lebanon

    The fighting prompted the Lebanese army to take security measures at the entrance of the camp, including shutting the highway next to it.
    'Only time will tell' on improving US-China trade

    'Only time will tell' on improving US-China trade

    It was the president's first social-media acknowledgement of the missile strike on Syria's Shayrat airbase. The relationship developed by President Xi and myself I think is outstanding.
    Hamilton predicts close fight with Vettel

    Hamilton predicts close fight with Vettel

    Red Bull's Max Verstappen stole the show with an incredible drive, going from P16 all the way to seventh right in the first lap. Max Verstappen swept past about nine cars on the first lap, and clawed his way up into third place for the final few laps.
  • Uganda charges, jails academic for insulting the president

    Uganda charges, jails academic for insulting the president

    Last week the government scrapped a tax on sanitary pads, which some see as a concession to Ms Nyanzi's campaign. In her customary graphic language, Ms Nyanzi accused the first lady of being out of touch with reality.
    Sergio Garcia wins the Masters, ends drought at the majors

    Sergio Garcia wins the Masters, ends drought at the majors

    Rose took the lead with an 8-foot birdie on the 16th and gave it back by missing a 7-foot par putt on the 18th. The Sergio who dons the green jacket showed a tenacity matching the Spanish bull head cover for his driver.

    Trump, Xi cite 'common understandings' after summit, but few details

    Russian Federation might even see an advantage in the strike, said Andrew Tabler, a senior fellow at the Washington Institute. But the U.S. president later agreed to respect the "One China" policy in a telephone call with President Xi in February.
  • Who Is Darek Fox, The Grand National 2017 Winner (One For Arthur)?

    With their partners spending most weekends on the golf course, they made a decision to get into the horse-racing business. The 14/1 shot, trained by Lucinda Russell and ridden by Derek Fox , came strong at the second-from-last fence.

    Passenger is dragged off overbooked United flight

    Nonetheless, Ms Bridges recalled, the man was warned that security would be summoned and so chose to ring his lawyer for help. United also came under fire last month when it denied a pair of teenage girls seats on a flight due to their attire.

    Trump's strikes in Syria message to N Korea, other adversary nations: Tillerson

    The top Democrat on the Senate Foreign Relations Committee says Trump's decision was a "reaction" to Syria's use of chemical weapons.