Gas prices going up 14% this summer

Gas prices going up 14% this summer

Including the change in gas prices in Tacoma during the past week, prices were 33.7 cents per gallon higher than the same day one year ago and are 19.1 cents per gallon higher than a month ago.

That's a 14% jump, up from $2.41 a gallon a year ago. "However, prices could rise even more, depending on how the crude market responds to the latest news of a USA missile strike over the weekend".

"The rest of the country is adjusting to those higher wholesale prices and we just haven't gotten there yet", Jenkins said. All regions saw gasoline inventories decline, however, with the exception of the East Coast, which saw a large 3 million barrel rise.

State of Tennessee- $2.52, up 6.2 cents per gallon from last week's $2.45.

Gas Buddy historical data reveals that Long Island gas prices since 2008 have fluctuated greatly over the past 10 years, with a recorded high of $4.33 per gallon in 2008 and recorded low of $1.79 back in 2009.

Only 27 percent of gas stations are selling fuel for less than $2.50 per gallon, AAA Tidewater said. Prices are 30 cents higher than a year earlier statewide, according to the GasBuddy website.

On Monday, national gas price tracker put the average retail price of gas in California at $3.54 a gallon, up 17 cents from a month ago and a almost 54-cent increase over previous year.

"In the past few years we've had such an abundance of crude oil that worldwide problems really didn't phase the oil market", Jenkins said.

Patrick DeHaan, head of petroleum analysis for gas price comparison site, said that's the highest national average price since July 2015.

Honolulu - $3.73/g, down 4.6 cents per gallon from last week's $3.78/g.

"That could be very close to what we expect this time around", DeHaan said. The Florida average of $2.63 is the most expensive since February. Refinery maintenance has gone well thus far, and gasoline supply has continued to push higher as more refiners conclude their work.

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