Gas Prices in Arizona Continue to Rise Featured font size +

Hardin County has region's lowest gas prices

In fact, there hasn't been a single year since 2005 that the national average price was down YTD through 4/9, and this year's 6.9% gain is the fourth-smallest YTD gain of the last fourteen years. In fact, it fell eight-tenths of a cent in the past week, averaging $2.67 a gallon on Sunday, according to GasBuddy's daily survey of 190 gas stations in the Syracuse area.

"This pipeline price pressure will feed into consumer prices soon and will ultimately prompt the Fed to hike interest rates an additional three times this year", said Paul Ashworth, Chief US Economist at Capital Economics.

Gas prices are expected to jump 33 cents a gallon this spring and summer, according to a government forecast released Tuesday.

With all of the concern over inflation recently, nowhere do rising prices hit closer to home than at the gas pump (unless you're driving a Tesla, of course).

Federal data show total US gasoline stocks declined more than 1 million barrels, while demand levels are on par with a year ago.

Oil prices have been higher than usual due to concerns of a possible trade war between the USA and China, according to Patrick DeHaan, head of petroleum analysis for GasBuddy.

In its short-term energy and summer fuels outlook, the agency said the higher forecast gasoline prices are primarily the result of higher forecast crude oil prices.

By region, the West Coast is the most expensive, with four states posting averages above $3 per gallon.

Fort Collins- $2.44/g, flat from last week's $2.44/g.

"Thankfully, the bulk of refinery maintenance is likely behind us, but keep in mind the volatility of the stock market has had a major influence on gas prices in the a year ago, so we may still be susceptible to sudden and dramatic change in USA policy and also still being susceptible to any lingering maintenance at the large refineries", said DeHaan in a news release.



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