While motorists may feel powerless to stop the rising prices, they don't have to be resigned to paying what gas stations are asking.
According to EIA predictions, monthly average gasoline prices will reach a peak of $2.79/gal in May and drop to $2.65/gal in September.
"But now with oil prices recently surging up to their highest level since 2014, gas prices have followed".
The agency noted that regions can see significant differences in pricing, with monthly average prices in some areas exceeding the national average by up to 50 cents a gallon.
Gasoline prices likely will climb to multiyear highs this summer, backed largely by higher oil prices, government and industry leaders said Thursday.
Downed power line believed to have caused house fire near Amherst
While the fire isn't completely contained he says they will do their best to make sure no one's livelihood goes up in smoke. All occupants of a property in Motueka manged to escape the blaze, which occurred at 11:30pm on Friday night.
U.S. crude oil inventories increased last week, and the refining sector input 83,000 barrels per day more than the previous week's average, said the U.S. Energy Information Administration (EIA) Wednesday.
USA crude for May delivery rose 28 cents to $67.35, up more than 8 percent, or about $5, for the week, Reuters explained. DeHaan said he expects that price gap to continue for the coming weeks before beginning to narrow. Additionally, demand for gasoline remains robust at 9.2 million b/d and is more in line with demand levels at the same time in 2017.
On average, the price of fuel is the highest it has been in almost 1,000 days, according to smartphone app GasBuddy, which allows consumers to see gas prices at nearby stations. "All of this is happening at the same time when USA oil inventories are about 20% lower than they were about a year ago".
Market analysts note that oil prices have gone up in the last three days. US crude production, meanwhile, was seen at 10.69 million barrels a day this year, down 0.1% from the previous forecast.
Refineries typically take their facilities off line for spring maintenance as they prepare to produce the new blend, which is also more expensive. AAA-approved fix facilities meet and maintain high professional standards for training, equipment, cleanliness and customer service.
