Gas prices hit levels not seen since 2015

Consumers were paying an extra quarter per gallon compared to last month and 30 cents more than a year earlier.

Tennessee's average fuel price is 20 cents lower than the national average. "However, prices could rise even more, depending on how the crude market responds to the latest news of a US missile strike over the weekend".

The AAA Auto Club said today that pump prices will get even more expensive this week and will likely rise to the highest level in more than two years, due to rising geopolitical tensions in the Middle East. US oil inventories still remain almost 20 percent lower than a year ago as exports remain brisk and OPEC's continued production cuts eat away the previous glut of crude oil.

States with the lowest average prices last week included: Missouri ($2.42); Oklahoma and Arkansas ($2.43); MS ($2.45); SC ($2.46); Louisiana ($2.47); Kansas and Texas ($2.48); Alabama ($2.49); and Wyoming ($2.50).

Gas prices all around the country are on the rise as well, as the national average saw an increase by 2.2 cents per gallon last week, bringing the nation to an average of $2.73 per gallon.

More news: Tiger Shroff's 'Baaghi 2' inches closer to Rs 250-crore mark worldwide
More news: United Kingdom joins Syria air strikes in response to chemical attack
More news: Manchester City confirmed as champions as rivals United lose

"In the past few years we've had such an abundance of crude oil that worldwide problems really didn't phase the oil market", Jenkins said.

His opinion about prices not having much higher to rise is backed up by information the Energy Information Administration released last week that predicted gas prices will average $2.74 a gallon nationally this summer.

"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.

$3.06/g in 2017, $2.60/g in 2016, $3.08/g in 2015, $4.31/g in 2014 and $4.38/g in 2013. That also means the average American household can expect to spend $200 more for gas overall in 2018.

"That could be very close to what we expect this time around", DeHaan said. 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.

Recommended News

  • Utah's Donovan Mitchell clear to play in Game 2 after stubbing toe

    Utah's Donovan Mitchell clear to play in Game 2 after stubbing toe

    Mitchell left the game in the second half with left foot soreness after colliding with Thunder forward Corey Brewer but returned. After about a minute he was subbed off again as he was visibly in pain as he ran back on defense after burying a jumper.
    Bank of America's profit rises 34% on higher interest rates, loan growth

    Bank of America's profit rises 34% on higher interest rates, loan growth

    With $37 highest and $24.0 lowest [Target] Bank of America has $33.63 average [Target] or 12.85% above the current ($29.8) price. Therefore 67% are positive. 17 are the (NYSE: BAC)'s analyst reports since October 31, 2017 according to StockzIntelligence Inc.
    Kingdom Hearts 3 Has Classic '80s LCD Platformers As Mini-Games

    Kingdom Hearts 3 Has Classic '80s LCD Platformers As Mini-Games

    Fans have been waiting for the release of the upcoming title ever since it was announced in 2013 for Xbox One and PlayStation 4. It all went down at the Kingdom Hearts Union χ [Cross ] event, titled "Dandelion Meeting", that celebrates the mobile game.
  • Armenians protest leader's plan to stay in power as prime minister

    Armenians protest leader's plan to stay in power as prime minister

    Tensions in Armenia often flare up during presidential and parliamentary elections. Several thousand people blocked traffic Monday morning and camped on the streets.
    China protest against Weibo's cleanup campaign

    China protest against Weibo's cleanup campaign

    While homosexuality is not illegal in the country, there is a strong conservative mindset which the government often pushes. China's internet censors previously announced intentions to ban gay content from the internet .
    Broncos release CJ Anderson

    Broncos release CJ Anderson

    With Anderson gone, only Devontae Booker and De'Angelo Henderson remain on the Denver roster as recognized running backs. Anderson to a four-year, $18 million offer sheet before the Broncos chose to match it.
  • Sensex falls almost  300 points; Infosys tanks 4%

    Sensex falls almost 300 points; Infosys tanks 4%

    Hero MotoCorp (2.02%), Kotak Mahindra Bank (1.88%) and Adani Ports (1.85%) were the top gainers on Sensex . In the broader market, the BSE Midcap was little changed, while the BSE Smallcap gained 0.4 per cent.

    Hugely bought and sold Shares NXP Semiconductors NV's (NXPI)

    The stock of NXP Semiconductors N.V. (NASDAQ: NXPI ) has "Market Perform" rating given on Thursday, October 26 by Bernstein. Schwab Charles Investment Management Inc. boosted its position in shares of NXP Semiconductors by 8.8% in the 3rd quarter.
    Samsung Galaxy J2 Pro Can Not Access Internet Purposely

    Samsung Galaxy J2 Pro Can Not Access Internet Purposely

    The patent might also be for a new type of screen protection, probably some sort of in-house scratch-resistant glass. However, it is reassuring knowing that you have more power since 2GB of RAM for a smartphone seems to be important.
  • FDA: Millions of eggs being recalled due to potential health risk

    FDA: Millions of eggs being recalled due to potential health risk

    Rose Acre Farms in IN voluntarily recalled more than 200 million eggs this week over salmonella fears. No other Florida stores were affected by the recall.
    Mata urges United to focus on strong finish

    Mata urges United to focus on strong finish

    That didn't make me feel super happy and, in my opinion, it affected some of the people that were too happy. City skipper Vincent Kompany has now won three Premier League titles since joining 10 years ago.
    Shenmue I & II Collection's US Retail Price Revealed

    Shenmue I & II Collection's US Retail Price Revealed

    The original Shenmue was considered to be perhaps the most ambitious game of all-time upon its initial release. However, we suspect the modern option will fix some of the.wonkiness of the original game's controls.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.