Gas prices still on the rise

Gas prices rose to $3.09 a gallon at the West Side Shell station at the cover of US 12 and Western Avenue in Coldwater Michigan

The average gas price in MI is $2.93 a gallon which is up seven cents from last week and 52 cents from a year ago.

Gasoline prices, which generally follow oil prices, have jumped to a national average of $2.81 a gallon, according to AAA.

W.D. Williams with AAA Auto Club says there are several reasons for the increase of gas prices.

Gas prices right now are 53 cents higher than they were the same time past year. He also believes that there is a high possibility that crude oil prices will continue to rise and gas prices may reach as high as $3.

The entire country has seen gas prices rise in the last week to a national average of $2.87 a gallon after the price of crude oil hit $71 a barrel which is the highest price for crude since 2014. Modesto- $3.53/g, up 7.1 cents per gallon from last week's $3.45/g. "Gas prices saw among the larger weekly increases since Hurricane Harvey in the last week as oil prices continued to surge, leading to sharply higher prices at the pump, putting the U.S.in peril of striking the $3/gallon level for the first time since 2014", said Patrick DeHaan, head of petroleum analysis for GasBuddy.

Consumers with long memories may not think gasoline is that expensive.

They point out that USA oil production capacity is much larger now than a decade ago. Drivers in Missouri are paying 12 cents a gallon more, and the average gallon of gas rose by 11 cents a gallon in the last week in Kentucky and Minnesota. Should oil prices start to rise too quickly, US producers will pump more oil.

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