Gas Prices Continue to Rise Featured font size +

Gas takes 7-cent weekly jump in metro Albany

Gas prices this summer are projected to average around $2.74 per gallon, according to the U.S. Energy Information Administration.

The fluctuation in prices and the long-term trends driving gas prices up have caused anxiety among motorists, however.

To check out the prices from 1,106 retailers across the Twin Cities check out GasBuddy's website.

It's still far from the highest gas price ever - $4.07 per gallon in July 2008.

According to AAA, gas prices have been going up daily since April 9. The national average of $2.81 is the highest since November 2014.

The state's price of gas is still six cents below the national average for regular unleaded, but 43 cents higher than the price at this time previous year, AAA said. AAA says that crude oil prices are at the highest level in more than three years and expected to climb higher.

You may have noticed the pump creeping back up in price. It's estimated USA oil supplies are down by almost 1.1 million barrels compared to previous year at this time.

Nariman Behravesh, chief economist at IHS Markit, said the average US household is projected to spend an extra $190 on fuel this year. Both factors are playing a role in the spike in oil prices. That's why the price at the pump has gone up noticeably in just the past week.

More news: Ronny Jackson not to return to job as Trump's personal doctor

Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto and clicking on Gas Saving Tips & Tools.

Photo by Tim Barber /Times Free Press.

Road trips are still the most family vacation option for those staying stateside, despite higher gas prices, Spiegel said.

Gasoline demand sank to its lowest level in almost two months, declining 8 percent from the previous week, according to AAA.

Comparing pump prices to those this time a year ago, OH motorists are paying 47 cents more per gallon to fill up.

"People aren't likely to change their vacation or weekend plans because of an extra $5 cost of gas", said Dave Santucci, marketing vice president for the Chattanooga Area Convention and Visitors Bureau. "What's clear is that most states have recently raised gas taxes using the current environment of lower prices as cover", said Patrick DeHaan, head of petroleum analysis at GasBuddy.

McTeague said the record-breaking prices speak to the critical fuel shortage the Lower Mainland is experiencing.

Related News:

Most liked

Tesla says it is on track despite losses
Tesla did not disclose Model 3 preorder numbers but we know its huge - they report over $900 million cash from deposits remaining. Model 3 production surpassed 2,000 cars per week only in the past month or so, which is far behind Musk's initial timeline.

Narendra Modi may address more rallies in Karnataka
The prime minister accused the Congress of targeting Ballari like thieves and thugs, and destroying its rich history and legacy. He gave an "F' grade report card to the Modi government on the subject of agriculture".

Can analysts adopt a bullish outlook for Cobham plc (LON:COB)?
Susquehanna International Ltd Liability Partnership invested in 95,163 shares. 31 funds opened positions while 63 raised stakes. EZJ is touching GBX 1614.5 during the last trading session, after increased 1.54%.easyJet plc has volume of 816,385 shares.

Nate Diaz in talks with UFC for August return
He was charged with three counts of assault and one count of criminal mischief. " We'll see what happens". He will appear before the courts again on June 14.

Severe weather threatens central United States ; major warmup coming to East
The precise magnitude and location of the most-severe weather remains questionable due to the evolution of storms overnight. This has the potential to be the warmest air mass this region has seen since September of previous year .

Tower block collapses in São Paulo after fire
That blaze was brought under control relatively quickly, São Paulo Fire Brigade Lieutenant André Elias told Globo TV. He did not provide details and was whisked away by security as several people shouted obscenities at him.

Parliament vote falls short for Armenia's protest leader
On Sunday, RPA faction head Vahram Bagdasaryan said that the party would not impede Pashinyan's election. Some voters accuse Sarksyan and his associates of cronyism and corruption, an allegation they deny.

Ruling party 'will not block' protest leader as Armenian PM
Organizer of protests in Armenia , the head of fraction "EFC" Nikol Pashinian officially approved as a candidate for the post of Prime Minister.

Amazon goes big on AI in Boston
Boston is among a list of 20 finalists to land Amazon's second headquarters, which would create about 50,000 new jobs and cost more than $5 billion.

Tinder Fire State of Emergency Declared, 1000 Homes Evacuated
Wind conditions will improve for a short period overnight, he said, but it will still continue to be extremely dry. Two other Arizona fires burned on Monday but were closer to containment than the Tinder Fire.

Bill Cosby to remain on house arrest
Snyder said it "wasn't an open and shut case", but added he had no doubt the jury reached the correct verdict last Thursday. The onslaught all but destroyed Cosby's career and his good-guy image as wisdom-dispensing, sweater-wearing Dr.

IPhone X: Apple Might Be Retiring A Popular Feature For 2018
Apple is all set to roll out its 2018 edition iPhones although rumours and news have made its way to the public ear long before. But be rest assured, it's only the entry-level iPhone that will be ditching the 3D Touch feature.

Trump says Singapore among possible sites for meeting with Kim Jong Un
A meeting between Trump and Kim is now being planned, although the US President has said he is wary about North Korea's approach. Geneva, Mongolia and Singapore were some of the third-party options that his team suggested, reported The Washington Post .

Competition watchdog urged to investigate possible Asda-Sainsbury's merger
One source close to Wal-Mart said the merger would allow the two companies to invest in providing more products at lower prices. It is understood that any investigation by the CMA would only be announced once an intention to merge was formally unveiled.

Is govt leasing out Parliament, Supreme Court to private parties, asks Congress
These include the Taj Mahal in Uttar Pradesh, Kangra Fort in Himachal Pradesh, Buddhist Kaneri caves in Mumbai, among others. The group got the contract for Rs 250 million for a period of 5 years beating Indigo and GMR group in the bidding process.