Gas Prices Lower Than Last Week, Still Higher Than 2017
16 February, 2018, 02:39 | Author: Darnell Patrick
The nationalaverage also fell 3.5 cents per gallon in the last week to $2.57.
Both Rockford's rate and the national rate have dropped over the last seven days.
In Kern County, the average price is $3.30, which is slightly less than the state average.
In Rockford, prices are about even from this time last month, while almost 40¢ higher than last February.
The average price for a gallon of regular gas in the Bradenton-Sarasota-Venice market was $2.65 on Monday, up from $2.59 last week and 22 cents higher than a month ago, according to a report from AAA. Cheapest was in 2016 at $1.52.
The price for crude oil dropped by $6 a barrel and settling at $59.20 by the end of the trading week. "Expect volatility at the pump as these forces collide". This is a one-cent per gallon increase from early February and a 12-cent per gallon increase since January.
Gas could be found for $2.50 or less at 53 percent of gas stations across the country, the motor club said in a statement.
Patrick Dehaan senior petroleum analyst for GasBuddy said there is a number of factors that may cause for gas prices to go up 60 cents by the month of May. "Despite the recent increases, prices have been rising across the country, so Kansas is still in a good place, with the 15th lowest gas prices in America, 15 cents lower than the nationalaverage". "The continuing growth in USA crude oil production may give the market some pause as it continues to assess the long-term impact of OPEC's production reduction agreement, which remains in effect through the end of 2018".
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