National Average Gasoline Price Nears 3-Year High

National Average Gasoline Price Nears 3-Year High

National Average Gasoline Price Nears 3-Year High

The average gas price for the state is $2.53, 1 cent higher than Hampton Roads.

Chattanooga gas prices still remain 25 cents per gallon below the US average of $2.71 per gallon, according to Gasbuddy.com. "However, higher oil prices have also enticed US producers to ramp up crude oil exports, effectively draining USA oil inventories at a higher pace than that oil is being replaced", he said.

February predictions of $4-a-gallon gasoline in California by Memorial Day stalled a bit in March, but prices are climbing again, and not just in California.

Gas prices are poised to spike, as analysts say the conflict in Syria has pushed crude oil prices to their highest levels in more than three years. But that's 26 cents higher than a year ago and would be the highest average summer price in the USA since 2014. Although Syria is not a major oil producer, AAA says tension in the country could ripple to other countries in the region and restrict global oil supply flows.

The seasonal surge at gas pumps is in full motion, causing the most dreaded time of year for fearful motorists, especially of what may still be coming.

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Chattanooga had Tennessee's cheapest gasoline on Monday at $2.46 a gallon.

Average retail gasoline prices in Honolulu have risen 6.5 cents per gallon in the past week, averaging $3.42 per gallon on April 14, 2018, according to GasBuddy's daily survey of 214 gas outlets in Honolulu.

Nationally, the price of unleaded gas as of Monday morning was $2.71 a gallon, according to AAA.

DeHaan said refinery maintenance has gone well so far, gasoline supply has continued to increase and the transition to summer gasoline supplies is nearly finished.

States with the lowest average gasoline prices: Missouri ($2.42), Oklahoma ($2.43), Arkansas ($2.43), MS ($2.45), SC ($2.46), Louisiana ($2.47), Kansas ($2.48), Texas ($2.48), Alabama ($2.49) and Wyoming ($2.50). "With the transition to summer gasoline also wrapping up, the reasons gas prices to rise will shrink".

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