Pump prices climb higher in Meadville area

Posted April 13, 2017

A recent AAA survey revealed that almost a quarter of consumers believe the price at the pump already is too high, and AAA projects the national average for a gallon of gas to increase 40 cents this summer, peaking near $2.70. "Oil now stands $5 per barrel higher than just a few weeks ago and is the main culprit for rising gasoline prices". AAA projects the national average for a gallon of gasoline will increase 40 cents this summer, peaking near $2.70, which is 70 cents higher than it was last summer.

"Five of the Great Lakes states - Michigan, Illinois, Indiana, Missouri and Wisconsin - have some of the country's most significant gas price increases", Mosher said. Areas in California and their current gas price climate: Stockton- $2.83/g, flat from last week's $2.84/g. Florida's average price of $2.42 is the highest since August 2015.

DeHaan said the price of oil has been moving steadily upward dragging gas prices along for the ride.

The region will switch from winter-blend to the more expensive summer-blend gasoline by April 10, leading to price increases at the pump.

AAA found a 31-cent range in prices for self-serve, regular, from a low of $2.13 per gallon to a high of $2.44.

"It would take a sudden, unexpected price increase before most drivers would consider driving less". About 80 miles to the south, Stuart's average was three cents higher.

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Primary factors contributing to increased crude oil prices include the seasonal uptick of driving demand, continued uncertainty around an extension of OPEC production cuts and increased USA production.

That means the average USA household will spend about $200 more on gas.

Gas prices in the Bradenton-Sarasota-Venice market are up 15 cents from a week ago.

"Primary factors contributing to increased crude oil prices include the seasonal uptick of driving demand, continued uncertainty around an extension of OPEC production cuts and increased US production", AAA said, adding that the USA missile strike in Syria pushed prices higher. The motor vehicle club said prices will continue to climb through the summer and are expected to peak around $2.70 per gallon of regular unleaded.

AAA said the crude oil market has largely recovered after spending almost three weeks under $50 per barrel.