Gas prices will rise this summer but should remain low

Gas prices will rise this summer but should remain low

Gas prices will rise this summer but should remain low

Alabama, AL, April 10- Average retail gasoline prices in Alabama have risen 4.0 cents per gallon in the past week, averaging $2.13/g yesterday, according to GasBuddy's daily survey of 3,348 gas outlets in Alabama.

Most Jacksonville stations were at $2.24 a gallon Monday. Its average of $2.09 marks a 7-cent rise from last week, and 25 cents higher than a year ago. The average cost of a gallon of regular fuel has gone up 6 cents over the past seven days to $2.36, AAA says. Average prices for regular rose by a nickel or more in a majority of states.

"This is the type of volatility we've come to expect this time of year", Jenkins said in a prepared statement. IL jumped 9 cents on average and now residents are paying $2.51 per gallon of regular.

"If oil prices stay high, obviously gas will follow suit", Carrasco said. Also, many areas are nearing completion of the transition to more expensive summer blend gasoline, DeHaan added.

The U.S. government says a rebound in oil prices means drivers will be paying more at the pump this summer than previous year.

One rare market that saw a dip last week was Akron, Ohio, where prices fell 3.8 cents to $2.29 a gallon. "But this year we may not even see a point where gas prices get up to a 35-cent increase because utilization is already looking good and most refinery maintenance has peaked, so that is good news for motorists".

The range in prices in the latest AAA survey in MA for regular is 31 cents, from $2.13 to $2.44. The price for West Texas Intermediate crude oil averaged $49.31 last week - an increase of $1.46 from the week before. Trends suggest Northeast Ohioans may soon be paying more than the national average, though.

While the continued increases are completely seasonal in nature, it's not any easier for motorists to digest, said DeHaan. That was the highest level since August 2015, AAA said. Prices will only become volatile if "something large disrupts the flow of oil somewhere and oil prices and thus gas prices rise proportionally". Crude oil surged past $50 per barrel on Friday, closing at $52.24 per barrel, the highest close of trading since March 7.

AAA said Georgia's average price of $2.28 per gallon was the highest since October 2016.

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