Geopolitical events, decreased global supply/OPEC cuts, expensive crude oil, record USA production and high demand have all contributed toward driving up gas prices since January.
And, despite pain at the pump, we're still a long way away from the record high of $4.09 a gallon set back in 2008.
Tom Kloza, head of energy analysis of Oil Price Information Service, tells A.P. he believes "this will be the most expensive driving season since 2014".
Oil prices topped $70 a barrel Monday for the first time since November 2014 because traders expect the Trump administration to reimpose USA sanctions on Middle East crude producer Iran. For the lowest gas prices in Roseville, check the current leaderboard.
A decrease in gas prices for Georgia motorist might be short lived with rising oil prices on the horizon.
MI is 16th in the country for most expensive average daily gas price. "Despite this stability, drivers on the West Coast and in Idaho, Utah and Pennsylvania are paying $3/gallon".
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USA petroleum inventories rose last week, with crude oil stockpiles up by 6.2 million barrels and gasoline inventories up by 1.2 million barrels. At 62 million barrels total, mid-Atlantic and Northeast inventories are at their highest levels in almost two months. Average price for regular self-service unleaded gas was $2.85 per gallon, which is 50 cents more expensive than it was this time a year ago.
The national average is poised to rise in the week ahead, following oil's upward move Monday, awaiting President Trump's decision on Iran. That's up from $2.53 a month ago and $2.33 a year ago.
Prices in Gwinnett County average $2.70, lower than neighboring counties Fulton ($2.81), DeKalb ($2.75), Barrow ($2.73) and Forsyth ($2.72). "Motorists should expect the national average to drift around in the upper $2 per gallon range for much of the summer". That's up from $2.67 a month ago and $2.40 a year ago.
AAA Northeast is a not-for-profit auto club with 65 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and NY, providing more than 5.7 million local AAA members with travel, insurance, finance, and auto-related services.
As upstate New York's largest member services organization, AAA provides more than 870,000 members with travel, insurance, financial and automotive-related services. Modesto- $3.47/g, up 5.2 cents per gallon from last week's $3.42/g.