Published: Sat, May 05, 2018
Medicine | By Melba Vasquez

Gas Prices Continue to Rise Featured font size +

Gas Prices Continue to Rise Featured font size +

Of the major areas in Texas, drivers in Midland and El Paso are paying the most on average at $2.84 while those in San Antonio and Texarkana are paying the least at $2.51 a gallon.

The company looked at gas prices from January-March 2018 and found the first day of the typical work week offers the lowest average gas price in 21 states.

The AIADA online reported that the drumbeat has begun in the media: gas prices are on the rise and many states already have gas prices over $3 per gallon.

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The price of US crude oil has been on a mostly steady incline since last June, last week hitting $68.64, the highest since December 2014. Friday has the most expensive average and is the worst day to buy gas in 19 states. "In addition, recent rhetoric from the Trump Administration inflaming the situation in Syria and pushing a trade war with China is like pouring gasoline on a fire - they certainly put more upward pressure on prices".

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose four-tenths of a cent today to $3.67, its highest amount since August 25, 2015. This is the highest prices have been since 2014.

Las Vegas- $3.19/g, up 3.0 cents per gallon from last week's $3.16/g.

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Average retail gasoline prices are lowest in a swath of mostly East Coast states, including Florida, New Hampshire, Delaware and Georgia.

Strong domestic economies are supporting even higher prices at the same time that demand is being boosted by exports from the U.S. Gulf Coast to customers in Mexico and South America, he added. In 2017, the average household spent $2,450 for gasoline, or 4.3% of total household income. "It's not something we would see most of summer, but could happen in the next couple of weeks". Fuel costs are going up, just in time for summer.

What's Behind Current High Prices?

"At these levels, it may shave off a tenth of a percentage point off global growth". Higher prices encourage USA oil companies to crank up output.

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