Gas Prices 15 Percent Higher Than a Year Ago
The national average for regular gasoline edged up another 2 cents the past week to $2.42 a gallon, the fifth week in a row for higher prices. Regular is 12 cents higher than five weeks ago and 31 cents higher than a year ago, according to the AAA Daily Fuel Gauge Report. Premium gas also rose 2 cents the past week to $2.92, and diesel fuel a penny to $2.54; premium is 34 cents higher than a year ago and diesel is 42 cents higher.
The higher prices are a result of seasonal maintenance at refineries that curtails gasoline production and, in many parts of the country, a switch to summer gasoline blends that reduce emissions but are more expensive to produce.
Here's was going on with gas prices across the country:
- Pump prices rose or fell by a penny or two in many states the past week, but jumped 5 cents a gallon in Alaska and 4 cents in Florida and Kansas.
- Hawaii continued as the most expensive state for gas. AAA listed the average for regular in Hawaii at $3.07, followed by California at $3.01 and Alaska at $2.95.
- South Carolina had the lowest average price for regular at $2.13.
- Alabama, Arkansas, Mississippi, Oklahoma and Tennessee averaged $2.18.
Gas prices also have risen in recent weeks because the price of oil has gone up. Oil, though, fell nearly 5 percent Wednesday amid news that gasoline inventories are above normal. U.S. oil was trading at less than $51 a barrel early Thursday, down from more than $53 a week ago.