One reason gas prices are rising is because more drivers are on the road. (iStock)
According to the latest AAA, gas prices rose by a nickel this week due to higher crude oil prices and an increase in motorists as the winter weather thaws. report.
According to Energy Information Administration (EIA) data, as oil prices exceeded $70 per barrel and gas demand increased from 7.89 million barrels per day to 8.14 barrels per day, the national average cost per gallon It rose to $3.15. .
“We’re at a point where pump prices start to rise, typically peaking around July,” AAA spokesman Andrew Gross said. “But unless something shocks the global oil market and causes prices to skyrocket, the national average for a gallon of gasoline will likely be significantly lower, with some flat days and small price declines along the way. It’s going to be expensive.”
AAA said that if oil prices continue to rise, drivers are likely to see their pumping costs gradually rise as well.
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Motorists paid the most in these states
Gas prices for motorists vary across the country, with some states averaging higher prices than others. These states have seen the greatest changes in pump prices.
- Missouri (+16 cents)
- Texas (+11 cents)
- Minnesota (+11 cents)
- Indiana (-11 cents)
- Iowa (+10 cents)
- Arkansas (+10 cents)
- Delaware (+9 cents)
- Kansas (+9 cents)
- Florida (+9 cents)
- Colorado (+8 cents)
Drivers in these states paid the lowest prices at the pump.
- Wyoming ($2.68)
- Oklahoma ($2.71)
- Utah ($2.72)
- Wisconsin ($2.74)
- Kansas ($2.75)
- Mississippi ($2.75)
- Colorado ($2.76)
- Arkansas ($2.77)
- Kentucky ($2.79)
- Missouri ($2.79)
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Gasoline prices may rise further
Patrick de Haan, head of petroleum analysis at GasBuddy, said motorists should prepare for further significant increases in pump prices as the year moves into spring.
“We’ve seen the national average price of gasoline recover after the cold snap caused refinery closures and increased wholesale gasoline prices,” De Haan said. statement. “Additionally, recent GDP data and new attacks in the Red Sea have pushed oil prices to their highest levels since November.
“Prices have been rising slowly and may continue to rise slowly, but we believe we will see even larger increases in the coming weeks as we move into mid-February and continue into April or May. During that time, the national average could rise by 35 to 85 cents per year.”Other issues and tensions can complicate the speed and extent of price increases, so the rise is not fully charted. Although there is no such thing, it may deviate from our expectations. ”
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