by Daniel J. Graeber
Washington (UPI) Feb 3, 2015
While it's not uncommon for retail gasoline prices in the United States to spike 30 cents in February, motor club AAA said prices will remain at historic lows.
AAA reports a national average price for a gallon of regular unleaded gasoline for Tuesday at $2.07, about 4 cents higher than last week. The price of gasoline has increased for eight consecutive days, but follows a steady decline that began at the end of September.
The low price of oil, about 50 percent below June levels, is reflected at the gas pump and roughly half of all retail filling centers in the country are selling gas below the $2 mark. With refineries undergoing seasonal maintenance as they prepare to make a summer blend of gasoline that's more expensive to produce, consumers will start to notice the change.
"Many drivers are noticing an uptick in gas prices for the first time in months," AAA spokesman Avery Ash said. "It is typical to see gas prices increase this time of year due to refinery issues, yet hopefully the consumer impact will be less problematic given how low prices are today."
AAA said it's not uncommon for retail gasoline prices to increase more than 30 cents per gallon in February. The motor club, however, said the national average price should stay below the $3 mark for the year.
"It is a good bet that most drivers will pay more for gasoline in March than today," Ash said. "Yet even if gas prices increase as expected, drivers should continue paying at least a dollar less on gasoline than what they spent in recent years during the spring."
Tuesday's average price is about 7 percent less than one month ago and almost 40 percent less than this date in 2014.
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|