Published: Tue, May 15, 2018
Finance | By Loren Pratt

Average gasoline price nearing $3 per gallon in NY state, nationwide

Average gasoline price nearing $3 per gallon in NY state, nationwide

Gas prices throughout Florida averaged $2.82, up almost 10 cents for the week and the highest since November 2014.

Gas prices in Ann Arbor have risen about 4 cents per gallon; now averaging out about $2.96/gallon.

The national average was $2.87 Monday.

In Virginia, most regional prices are about 50 cents higher than they were at this time past year.

GasBuddy.com says that there's a strong chance of seeing crude oil prices continue in the upcoming weeks.

If that prediction holds true it would be a almost five percent more than previous year and the most since 2005, according to AAA.

Oil prices are at four-year highs - raising the price of producing gasoline.


"Ranked the most congested country in the world, USA drivers are all too familiar with sitting in traffic", INRIX Head of Research Graham Cookson said in a statement. Brent crude, used to price worldwide oils, lost 35 cents to close at $77.12.

For the first time in almost 4 years, gas prices in parts of MI are above $3 a gallon.

National average gasoline prices are up about 50 cents a gallon from May of past year, AAA data show.

With the cycle starting Monday, gas stations will provide relief in the coming days - but only slightly. Nationally, gas prices have been on the rise since the White House announced the country was withdrawing from the Iran Nuclear Deal. One myth to saving on gas was to turn off the vehicle's air conditioning but that is no longer the case because today's systems operate much more efficiently and don't drag as much on the engine.

More than 41.5 million Americans will travel 50 miles (80 km) over Memorial Day weekend, the highest travel volume since 2005, when there were some 44 million travelers, according to the AAA, or American Automobile Association.

The nation's top 10 states with the largest weekly increases are: OH (+15 cents), Missouri (+12 cents), Kentucky (+11 cents), Minnesota (+11 cents), DE (+10 cents), Florida (+10 cents), Colorado (+9 cents), Maryland (+8 cents), Oklahoma (+8 cents) and West Virginia (+8 cents).

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