AAA Michigan: Average gas prices rise 5 cents

AAA Michigan: Average gas prices rise 5 cents

Today's national gas price average is $2.53, which is unchanged in the last week, down five cents in the last month and 23 cents higher than this time past year.

As of March 11, gas prices in Baton Rouge had fallen by 15.2 cents per gallon in the past month and the average price was $2.22 per gallon. Including the change in gas prices in Sacramento during the past week, prices yesterday were 33.6 cents per gallon higher than the same day one year ago and are 3.7 cents per gallon higher than a month ago.

Local prices are higher than the national average of $2.51 per gallon, which is down 1 cent from a week ago.

"Oil prices remain volatile yet several dollars off recent highs", said Patrick DeHaan, head of petroleum analysis for GasBuddy.

South Carolina's jobless rate again inches up slightly
New Hampshire and North Dakota recorded rates of 2.6 percent, and Hawaii's 2.1 percent was the nation's lowest rate in January. Many employers have said they're unable to add jobs because there is a lack of available talent with the right qualifications.

AAA's survey of more than 130,000 service stations across the country showed that Tennessee gas prices averaged 21 cents a gallon less than the USA average and fell to a statewide average of $2.32 per gallon. In Pennsylvania, the average price is $2.76 a gallon.

The AAA survey said the least expensive gas price averages in Tennessee are ow in Cleveland at $2.22 per gallon and in Chattanooga at $2.24 per gallon.

In Friday market action, energy companies climbed as benchmark USA crude added $1.92 or 3 percent, to $62.04 a barrel in NY, while Brent crude, used to price global oils, rose $1.88, or 3 percent, to $65.49 a barrel in London. Oakland- $3.38/g, up 3.6 cents per gallon from last week's $3.35/g. The highest was about $2.64 per gallon in the Jackson area. This could lend weight to oil prices being too high, but at the same time, we continue to see if any major disruptions occur at USA refineries to offset any devaluation in the price of oil.

Two storms and a lack of disruptions in supply delayed the inevitable process of refinery turnarounds and conversions to summer fuel have not yet driven up the price at the pump.

Related Articles