Gas prices inch up

Gas prices inch up

Gas prices continue to rise as prices went up 6 cents per gallon last week on Long Island, averaging $2.80 per gallon according to Gas Buddy, which tracks gas prices nationwide.

Both of those averages are about 20 cents higher than at the same time a year ago.

Gas prices in Chattanooga have risen to the highest level in six months and are likely to increase more this week in the wake of last week's attacks on Syria.

Meanwhile, the Energy Information Agency is reporting that crude oil production in the lower 48 states broke more records last week, topping 10 million barrels per day for the first time in recorded history.

Crude oil prices surged last week, posting a $4 per barrel increase on the week as concerns mounted about trade tensions with China, the situation in Syria and robust demand eating into global supply.

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

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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. Prices are about 28 cents more than at the same point a year ago.

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.

Be prepared to pay more at the pump, AAA Western and Central New York reported Monday that the national gas price jumped five cents in a week with similar trends here in New York State. "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". "With the transition to summer gasoline also wrapping up, the reasons gas prices to rise will shrink".

AAA says high demand for gas and higher oil prices than previous year are driving up prices. Unleaded regular was selling then at an average $2.56 in Nashville.

$2.33 per gallon in 2016 to $3.70 per gallon in 2013.

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