Gas prices expected to rise this summer

Gas prices expected to rise this summer

The highest average price in the contiguous 48 states was $3.63 in the San Francisco Bay area.

It's not news you want to hear, but gas prices are on the rise.

Crude inventories rose by 3.3 million barrels in the week ended April 6, compared with analysts' expectations for a decrease of 189,000 barrels.

"I think it's due to the amount of fuel being used by the public and United States, and also the fact that this is the time they do their maintenance on refineries", said Bolton.

Drivers should expect to pay even more at the gas pumps this summer.

It is important to remember that these are national averages.

Both oil benchmarks hit their highest since late 2014 on Wednesday after Trump warned that missiles "will be coming" in response to a suspected gas attack in Syria and after Saudi Arabia said it intercepted missiles over Riyadh.

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"Gas prices are only a penny away from topping the $2.67 high of 2017", said Jeanette Casselano, AAA spokesperson.

Sunday's average was a half-cent more than last week, 13 cents more than a month ago and 28 cents more than previous year.

DeHaan said there's also an increase in driving as the winter thaws. The price is up 23 cents from one year ago.

At 428.6 million barrels, US crude oil inventories are in the lower half of the average range for this time of the year.

"Ultimately, OPEC bears much of the responsibility for cutting oil production in 2017, leaving USA oil inventories at far lower levels than a year ago".

"You have to put today's moves in the context of the last three days".

Prices up to date at press time using market prices posted at 3:41 a.m. Motorists can find current gas prices along their route with the free and revamped AAA App for iPhone, iPad and Android.

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