Posted on 03/20/2015 12:16:42 PM PDT by Citizen Zed
Gasoline prices in the U.S. are still lower than they have been in years but nonetheless are higher than they were a month ago. And in a handful of Midwestern states, sharply higher.
According to the AAA Fuel Gauge survey, the average price of self-serve regular in Indiana jumped 10 cents a gallon in 24 hours, from $2.16 a gallon to $2.26. In Michigan, the average price also jumped a dime a gallon, from $2.25 to $2.35 a gallon.
In Illinois, the increase is much less dramatic, rising from $2.35 a gallon to $2.38. But the average price of gasoline surged in Ohio, jumping from $2.19 a gallon to $2.29.
Patrick DeHaan, senior analyst at gas price monitoring site Gas Buddy, links the Great Lakes region price surge to refinery issues and the seasonal switch over to summer grade fuel and says the higher prices should be temporary.
“Conspiracy theories abound with these seasonal refinery problems that always have a tendency to develop almost on schedule,” DeHaan told ConsumerAffairs.
In the rest of the U.S., prices at the pump have been slowly coming down again after rising early in the year, as refineries reduced capacity for winter maintenance. In fact, AAA reports fuel prices rose 40 straight days before starting their descent.
The national average price of self-serve regular, according to AAA, is around $2.42 a gallon. AAA spokesman Michael Green says the seasonal hike in gasoline prices is being offset in part by the huge build in oil reserves and a falling price for crude.
“Crude oil prices declined by more than 10% last week due to abundant supplies, a stronger U.S. dollar, and the possibility of even more oil entering the market soon,” Green writes in a AAA commentary.
(Excerpt) Read more at consumeraffairs.com ...
Feds to impose hydraulic fracturing mandates
http://www.freerepublic.com/focus/news/3270040/posts
Big whoop in California the prices went up over a dollar in ten days, and remarkably started coming back down the day the union thugs got their deal still over sixty cents higher than pre strike.
The largest number of refineries in Western Canada are in Edmonton. The best price in the country, at Edmonton Costco, in 85.9¢ per litre. Using an 80¢ exchange rate, that’s $2.65USD/ US gallon. Federal and Provincial taxes kill us so much more than US taxes.
Sounds like you’ve discovered the way to become the next John Paulson!
Get rid of the boutique summer enviro-blends and you’ll never have this problem again.
It went up $.45 a gallon in Louisville, KY.
$2.49 Milwaukee area northern suburbs.
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