AAA Michigan: Statewide average gas prices decline 6 cents

GasBuddy Predicts Jump in Price

According to a spokesperson for AAA Northeast, crude oil has been more expensive this year and is also in high demand. The average national gas price was $2.49.

AAA found regular gas in MA for sale as cheaply as $2.31 per gallon and as expensive as $2.79 per gallon. The only metropolitan area surveyed in Texas to see a decrease was the El Paso area, where the average price dropped two cents per gallon. In The highest price in Colorado on Sunday, as reported by AAA, was $2.95 in Vail. Gasoline inventories jumped by almost 5 million barrels while distillate inventories, made up of heating oil and diesel, gained almost 9 million barrels even amidst high demand due to cold weather.

Motorists in some states have seen a decline in gas prices, with prices falling 10 cents on the week in IN, 7 cents in OH and 6 cents lower in MI, the motor organization found. Ultimately, OPEC bears much of the responsibility for cutting oil production, leading oil inventories to begin 2018 almost 50 million barrels lower than a year ago.

GasBuddy Predicts Jump in Price
Analyst: Gas prices could soon reach $3 a gallon

Alter City Group building facility coordinator Joselito Espino said he usually spends $75 on gas a week.

Gas prices are something that we often don't pay much attention to unless they suddenly spike, as they did late previous year. In the Wenatchee area, gas prices were relatively steady, holding on at $2.82 per gallon.

"That decision curbed excess supply and began soaking up brimming global inventories of crude oil, at the same time boosting oil prices, which was the major reason for OPEC's decision". Great Lakes states will likely see prices jump due to a regional price behavior called price cycling, while price trends may change little as we approach a short-term peak at the pump. Indeed, as noted last month by the API (American Petroleum Institute), consumer gasoline demand for November was the strongest for that month ever.

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