Posts Tagged ‘gas prices jump’

Gas Prices Jumping Up as Driving Season Kicks Off

Refinery maintenance, production cuts help push prices higher.

by on Mar.18, 2016

The start of the spring driving season, refinery maintenance and production cuts have combined to increase gas prices.

After a long decline that began before Thanksgiving, gasoline prices are moving sharply higher thanks to strong demand as the spring driving begins and signs U.S. oil production is beginning to fall.

Gas prices at the pump have jumped 12 cents per gallon over the past week, which is the largest weekly increase since early March 2015, according to AAA, which also noted prices have increased by 25 cents per gallon over the past month.

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The national average has moved higher almost every week for the past three weeks and the current average of $1.96 per gallon is the highest average in two months, AAA said. (more…)

Gas Prices on the Rise in the US

Rising crude oil prices, refinery maintenance pushing the increase.

by on Mar.03, 2016

Gas prices are beginning to rise as crude oil prices continue to move upward and the spring refinery maintenance season starts up.

After declining throughout the winter, gasoline prices have started to rise in the last couple of weeks as the price of crude oil inches up and refineries begin getting ready for the spring driving season.

The national average price of gas has increased for six consecutive days for the first time since early November, though drivers continue to enjoy relatively low prices at the pump, AAA reported.

The Journal of Record!

Prices at the pump have climbed by four cents per gallon versus one week ago and are likely to continue to rise as the spring refinery maintenance season ramps up. Monthly and yearly savings persist and drivers are saving five cents on the month and 65 cents on the year, AAA said. (more…)