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Gas Prices Rise Above $3 in 9 States, Others Likely to Follow

11 May 2018

The average price per gallon for South Central Ohio a year ago was $2.198.

DeHaan expects that these possible moves in the oil industry are factors that will affect the gas prices and that motorists should expect the national average to be almost $3 a gallon during the summer. Johnson City's average stood at $2.63.

AAA found self-serve, regular selling for as low as $2.75 and as high as $2.99 per gallon. "But if our partners don't go through all of that then gas prices have less of a risk of rising as a result".

Oil prices topped $70 a barrel Monday for the first time since November 2014 because traders expect the Trump administration to reimpose USA sanctions on Middle East crude producer Iran.

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According to AAA, the crippling sanctions could lead to a crude oil price hike which would bump up gas prices this summer.

But analysts warn that the drop in prices could be short-lived. The state's average is the same as last week, and 22 cents less than the national average.

"Though there is variation in daily gas prices across different states, the consensus is that the earlier motorists fill-up during the week, the better", says Patrick DeHaan, head of petroleum analysis at GasBuddy.

On Tuesday, the U.S. Energy Information Administration estimated that pump prices would average $2.97 for the month of June and $2.90 for the entire 2018 summer driving season running from April through September.

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If you're headed to the pump Wednesday, prepare to see higher gas prices.

Gas prices in Rockford haven't been this high in May since 2015, when gas was $2.63 a gallon.

The average price of gas in the state of OH is $2.72 per gallon with a seven cents increase overnight.

AAA's May 7 survey of prices in MA finds self-serve, regular unleaded averaging $2.76 per gallon. Also pushing prices higher is the shift to a summer blend of gasoline that reduces smog.

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Gas Prices Rise Above $3 in 9 States, Others Likely to Follow