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Virginia gas prices highest since 2015

Virginia gas prices highest since 2015

On Monday, national gas price tracker GasBuddy.com put the average retail price of gas in California at $3.54 a gallon, up 17 cents from a month ago and a almost 54-cent increase over past year.

Tennessee's average fuel price is 20 cents lower than the national average.

According to AAA, the average price of a gallon of gas in Arizona is $2.73. Growing crude exports, alongside OPEC-led production cuts, have helped stocks decrease over the past year, but the year-over-year decline in stocks has contributed to higher crude prices. For example, the average price of a gallon of gas is higher in Scottsdale than in other parts of the Valley.

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 USA missile strike over the weekend", AAA spokesman Mark Jenkins said. "Crude oil is selling at high prices compared to previous years and domestic gasoline demand has been high most of the winter among the factors all driving gas prices up and draining consumers' wallets".

A GasBuddy spokesman did offer a glimmer of hope as the price at the pump continued its spring climb.

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"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", he said. With the national average gas price now at its highest since July 26, 2015, I can't immediately allay all fears of a continued spike in gas prices. The U.S. Energy Information Administration notes average per gallon prices during the summer holiday period are expected to rise to around US$2.74 per U.S. gallon. Prices traditionally start their seasonal rise in mid-February as refiners begin maintenance that enables them to transition to producing more expensive summer-blend gasoline.

Regardless of the recent rise in prices, we're still no where near what we were paying in 2013 and 2014, where the average price of gas hovered around the $3.55 a gallon mark.

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