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Automotive Fleet Top News

Gas Prices Increase Again Across U.S. Due to Tighter Supplies

May 16, 2013

Despite a recent streak of falling gasoline prices, and predictions of future lower prices, they’re on the way up again, with the average price of a gallon of regular unleaded gasoline hitting $3.58 on Monday, May 13, according to AAA’s most recent Fuel Gauge Report.

This price is 6 cents up from the previous week and up four cents from April 13. The company said the main drivers of these across-the-board price increases are tighter supplies and refinery maintenance (planned and unplanned) in the middle of the U.S. and on the West Coast.

AAA noted these price increases are occurring nationwide rather than on a regional basis, with only two states, West Virginia and Ohio, paying less for a gallon of gas than they did a week ago. Six states, including Oregon, Minnesota, Washington, Oklahoma, Nebraska, and Iowa, saw prices jump by 20 cents since last week and 13 states have seen prices increase by at least 10 cents.

The top 10 states with the highest prices on Tuesday, according to AAA’s report, included Hawaii, at $4.35; California and Alaska, at $4.04 per gallon; Illinois, at $3.99; Oregon, at $3.92; Washington, at $3.91; Minnesota, at $3.84; Indiana, at $3.79; North Dakota, at $3.78; and Michigan, at $3.78.

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Comments

  1. 1. Anil Bishnoi [ May 19, 2013 @ 08:32AM ]

    I think this price is more of demand driven rather than tight supplies and refinery maintenance. Due to the increasing participation of NG in energy inputs. And if we see it in weekly chart it is showing a new bullish trend started and start of a new impulsive wave. In the coming qarter the NG prices could be seen near 6 USD or higher.

  2. 2. Anil Bishnoi [ May 19, 2013 @ 08:34AM ]

    I think this price is more of demand driven rather than tight supplies and refinery maintenance. Due to the increasing participation of NG in energy inputs. And if we see it in weekly chart it is showing a new bullish trend started and start of a new impulsive wave. In the coming qarter the NG prices could be seen near 6 USD or higher.

 

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