Monday, 21 August, 2017

Rising oil prices increase prices at the pump

Prices at the pump take a jump Gas Prices Rise 4.3 Cents In Chattanooga
Juana Turner | 09 August, 2017, 00:13

That price is still above the national average of $2.33 a gallon, which is a 2.1 cents per gallon increase.

Average retail gasoline prices in Missouri have risen 0.9 cents per gallon in the past week, averaging $2.04/g yester-day, according to GasBuddy's daily survey of 3,940 gas outlets in Missouri.

The average price of a gallon of gas in cities around the state includes $2.10 in Charlottesville, $2.17 in the Norfolk area, $2.15 in Richmond and $2.07 in Roanoke.

Statewide, the average price is $2.09, which is an increase of 5.7 cents per gallon.

In Hamilton, the average price for a gallon of gas is $2.23 with prices stable.

About a month ago, Maryland motorists were paying the lowest gas prices of 2017 and the lowest for the Fourth of July holiday in 12 years, according to AAA.

"Strong gasoline demand across the country is continuing to push prices higher at the pump, a trend that we don't see letting up through the end of summer", said Steward. Americans are driving more miles, increasing demand at the pump, and US oil prices recently returned to the $50-per-barrel mark.

"As summer moves forward, the days of dropping summer gas prices appear to be behind us for now", Delise said.

Knoxville- $2.13, up 8.7 cents per gallon from last week's $2.04.

St. Louis - $2.17/g, up 2.7 cents per gallon from last week's $2.14/g. Nationally, the highest average was $2.42 per gallon back in April while the lowest was $2.23 per gallon at the start of July.

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