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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.
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WEX stated the national retail price for a gallon of gasoline started the month at $3.55 per gallon, which is down close to 10 cents per gallon from where the price started in April.
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The latest Fuel Gauge Report from AAA says the national average price of gas has risen sharply in the Midwest due to supply concerns caused by heavy rainstorms in the region, but nationwide, prices in 43 states and D.C. are lower than a week ago.
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In AAA’s latest Fuel Gauge Report, the company said the national average price for a gallon of regular, unleaded gasoline is down 7 cents from Tuesday, April 9 and is 38 cents less than it was a year ago on that date.
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Both retail and wholesale gasoline prices are dropping, according the monthly WEX Index. Diesel is also expected to decline due to weakening demand and the spring thaw.
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AAA said in a recent report that the national average price is $3.63 per gallon, 29 cents less than the price a year ago, which was $3.92 per gallon.
Read More →The latest Fuel Gauge Report from AAA shows that the average national price for a gallon of regular unleaded gasoline is $3.68, which is down 1 cent from a week ago (March 12).
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AAA said despite the recent price drops, it’s too soon to say if retail gasoline prices have peaked during the spring driving season. Scheduled refinery maintenance and the need for many states to transition to summer-blend gasoline could still push prices up, according to AAA.
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A new report from WEX says fears about summer gasoline supply caused the recent price increases and that gas prices should slowly fall throughout March. WEX also expects a drop in diesel prices, but not as much as for gasoline.
Read More →Effective July 1, 2013, the excise tax on gasoline in California will increase 3.5 cents per gallon following a vote Feb. 28, 2013 by the California State Board of Equalization (BOE).
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