AAA Mid-Atlantic: Back in the high life again at gas pump

09 January, 2018, 01:01 | Author: Tina Rodriquez
  • GasBuddy Predicts Jump in Price

Area gas prices are just over three cents higher than the provincial average.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is due to higher crude oil costs.

Gas prices are holding steady early on in 2018 as a result of rising oil prices.

Gas in Rhode Island is 7 percent higher than at this time previous year when prices were averaging $2.35 per gallon, a difference of 18 cents.

Baton Rouge- $2.17/g, up 0.4 cents per gallon from last week's $2.16/g.

AAA Michigan says gas prices statewide have declined by about 6 cents per gallon in the past week.




As of Monday afternoon, prices at Shell stations remained unchanged.

The latest Energy Information Administration (EIA) report measures gasoline demand at a strong 9.5 million b/d, which is typical of the holiday season. The first two months of the year are typically the times of year that gasoline demand is at its weakest, and with builds in gasoline stock anticipated next week, prices will have a hard time going much higher in the short term. "Unfortunately, springtime is a springboard for prices at the pump, and we may see a 40 to 50 cent jump by the summer".

Prices normally rise in the spring as demand grows and supplies tighten.

New Orleans- $2.19/g, up 1.4 cents per gallon from last week's $2.18/g.

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Weekly local news headlines from the Jackson Progress Argus.

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