Hawai'i Gas Prices Rise 6.5 Cents Per Gallon

AP Images

AP Images

Including the change in gas prices in Tacoma during the past week, prices were 33.7 cents per gallon higher than the same day one year ago and are 19.1 cents per gallon higher than a month ago.

The highest average prices per gallon last week were reported from California ($3.55); Hawaii ($3.48); Alaska ($3.22); Washington ($3.20); Nevada ($3.11); OR ($3.09); Utah ($2.97); Pennsylvania ($2.94); Idaho ($2.93); and NY ($2.80).

What's worse? While analysts are predicting a 15-cent surge this week, "Prices could rise even more, depending on how the crude market responds to the latest news of a US missile strike over the weekend", AAA spokesman Mark Jenkins said.

The national average price for gasoline is the highest in more than two years, AAA said. Prices are about 28 cents more than at the same point a year ago. "The conflict in Syria has sent crude prices to their highest point in more than three years, and as a result motorists are going to see that at the pump".

GasBuddy.com said the average gas price in Baton Rouge on Sunday was $2.38 per gallon.

Even under ideal circumstances, Golden State gas prices were primed to rise. 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 average US price for a gallon of regular gasoline rose by six cents last week to start this week at $2.71, according to the latest data from GasBuddy.

DeHaan said that OPEC's production cuts have removed more than 500 million barrels - about 1.8 million per day - of supply since they were enacted at the start of 2017.

Meanwhile, demand for gasoline in the United States is essentially flat from previous year. "With the transition to summer gasoline also wrapping up, the reasons gas prices to rise will shrink". Jerry Brown, who vigorously supported the measure to raise more than $52 billion over a decade to help pay for extensive road-improvement programs statewide. In the past few years, the average date that gas prices have peaked is mid-May, which is just around the corner, and by all metrics, that could be very close to what we expect this time around.

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