Gas prices still on the rise

Gas prices still on the rise

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.

Related News:



Most liked

Hungary: George Soros' Open Society Foundations to move from Hungary to Germany
Orban has accused Soros of being a part of a technique to flood Europe with migrants and of meddling in home affairs. OSF said the move follows steps by Orban to "impose further restrictions" on non-governmental organizations.

Foo Fighters To Headline & Curate Cal Jam 18
Stay tuned for the full schedule to be announced! The first wave of artists who'll play at this year's Cal Jam has been revealed. One look at the lineup for the band's second annual Cal Jam Festival can tell you that.

Trump Moonwalks Away From Pledge to Denuclearize North Korea
The U.S. government began to mention specific economic compensations for the North as well. The site is where 5 of the past 6 nuclear tests were conducted.

Iranian oil exports surge ahead of USA sanctions
Crude oil prices moved up during European trading hours and continued to rise during United States trading hours. Historically, the negative consumption response dominated the increase in oil investment.

RAGE 2 Gameplay Trailer Debuts
Personally, Rage 2 looks good, but the gameplay trailer doesn't really go into specifics all that much. Perhaps Bethesda may use this opportunity to give us a Rage 2 release date as well.

SpaceX's upgraded rocket soars with satellite for Bangladesh
If weather conditions permit, the rescheduled launch for Friday will be SpaceX's 60th total launch and 54th Falcon 9 launch. During last week's mission , it carried into space the Bangabandhu, Bangladesh's first communications satellite.

TODAY'S FORECAST: Partly sunny, high near 75
Tuesday: A slight chance of showers and thunderstorms, then a chance of rain and thunderstorms after 8 a.m. Mostly cloudy skies are forecast for Tuesday night with a 30% chance scattered shower and thunderstorms.

Another Picasso owned by Steve Wynn damaged
It is reported that the painting was damaged on Friday, may 11, circumstances of the incident were not disclosed. Neither would it be Wynn's first Picasso to come a cropper. "No further information is available at this time".

Jamestown School Budget Vote, Board Election is Tuesday
Mitchell Lemaire, who had been a former board member, was appointed to fill a vacancy left by Kelly Flint in September. In New Rochelle, the budget will need at least 60 percent of voters to approve the spending plan in order to pass.

Watch the Honor 10 global launch event livestream here
It also gets a 24-megapixel selfie shooter and expect Honor to talk about new AI capabilities baked into the system UI. All that said, this will be the second smartphone under Honor's 7 family after the success of the Honor 7X past year .

Karnataka Assembly Election Result 2018: How will BJP's BS Yeddyurappa fare?
The Karnataka Assembly has 224 seats and a party or an alliance needs 113-seats to stake a claim to form the government. It predicts 82 to 94 seats for Congress, while JD (S) and others will get 18-31 seats and 1 to 8 seats respectively.

Magic hope to find luck in 2018 NBA Draft Lottery
Inasmuch as you believe in lucky totems, they probably can only do much good if they're present for the actual event in quetion. The Magic is listed with an 8.8 percent chance of landing the No. 1 pick and a 29.1 percent chance of getting a top three pick.

'The clock is ticking', European Union tells Brexit Britain
Quest says Britain can't have an open Northern Irish border without allowing freedom of movement. Brexit talks have made "little" progress since March, the EU's chief negotiator has said.

Trial delayed in Giants, Eli Manning fraud case
According to the lawsuit, Manning had texted a team equipment manger that the helmets in question could "pass as game used". The lawsuit was originally filed in 2014, and it stated that Inselberg and two others bought helmets from Manning.

Dozens Killed in Gaza as Trump Promises "Lasting Peace"
Jared Kushner and Ivanka Trump have apparently received a blessing in Jerusalem from a rabbi who once compared black people to monkeys .