Gas Prices Taper Off After Steady Climb

GasPrices

Increases in gas and diesel fuel prices slowed in many parts of the country during the past week, a welcome respite from a steady climb in pump prices that began in early February.

The national average for a gallon of regular unleaded gas was $3.54, the AAA Daily Fuel Gauge Report said Thursday. That's one penny more than a week ago and 11 cents more than a month ago. The national average for diesel fuel was $3.98, unchanged from a week ago and one cent less than a month ago.

South Carolina still has the lowest statewide average for regular unleaded at $3.26, 2 cents higher than a week ago. The only other states that averaged less than $3.30 were Montana, $3.28, and Louisiana and Mississippi, $3.29.

Hawaii had the most expensive gas at $4.22. In California, prices crept up 2 cents over the past week to $3.99. Prices have climbed by 20 cents in California in the last month; Alaska was next at $3.83.

Regular unleaded was unchanged at $3.77 in New York and Connecticut, and it fell by 4 cents in Illinois to $3.73, reversing a string of weekly increases that began in February.

Prices marched upward by 4 cents per gallon in Tennessee to $3.32, in Oregon to $3.64, in Washington state to $3.65 and in the District of Columbia to $3.70.

AAA maintained its forecast that prices will peak in the coming weeks between $3.55 and $3.75 per gallon. That would be well below the peak prices of recent years. Last year, prices spiked at $3.79. In 2012 they topped out at $3.94 and in 2011 at $3.98.

"How much more prices rise will likely be dictated by the impact of seasonal refinery maintenance and any disruptions to production or distribution," AAA said in a release. Prices typically rise in early spring as refineries slow production to perform seasonal maintenance and change to summer blends.

One such disruption occurred recently in the Memphis, Tenn., area. AAA said that maintenance at a Valero refinery started earlier than expected, reducing the supply of gas and sparking reports that unbranded gas stations were running short. Pump prices in the Memphis area rose 6 cents in the past week to $3.32.

Cars.com photo by Evan Sears

By Rick Popely | March 28, 2014 | Comments (0)

Comments 

Post a Comment 

Please remember a few rules before posting comments:

  • If you don't want people to see your email address, simply type in the URL of your favorite website or leave the field empty.
  • Do not mention specific car dealers by name. Feel free to mention your city, state and brand.
  • Try to be civil to your fellow blog readers. This blog is not a fan or enthusiast forum, it is meant to help people during the car-buying process and during the time between purchases, so shoppers can keep a pulse on the market.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
view posting rules

If you have a TypeKey or TypePad account, please Sign In

Search Results

KickingTires Search Results for

Search Kicking Tires

KickingTires iPhone App
Ask.cars.com