Gas Price Increase

Despite recent lower prices and predictions of lower prices, the price of gasoline is on its way up again. According to AAA’s Fuel Gauge Report,  the average price of a gallon of regular unleaded gasoline hit $3.58 on Monday, May 13.

This price is up 6 cents from the previous week and an increase of 4 cents from April 13. The company stated that the major reason for this across-the-board price increase is due to tighter supplies and refinery maintenance, both planned and unplanned, in middle of the US as well as the West Coast.

AAA noted these price increases occur nationwide rather than on a regional segment. Only two states (West Virginia, Ohio) are paying less for a gas than they did  a week ago. Six states, however, saw prices spike 20 cents since the last week (Oregon, Minnesota, Washington, Oklahoma, Nebraska, Iowa). 13 other states have seen prices jump by at least 10 cents.

Not surprisingly, Hawaii, California, and Alaska are among the top 10 states listed with the highest gas prices.

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