15 April, 2018
Locally, average gas prices speak to the same trend.
The average price for gas in Chicago was $2.96 a gallon Thursday, according to GasBuddy.
According to industry analysts with gasbuddy.com, the price of gas will continue to rise.
The average American household is expected to pay about $200 more on gas in 2018 than in 2017, the U.S. Energy Information Administration projected.
"I think it's due to the amount of fuel being used by the public and United States, and also the fact that this is the time they do their maintenance on refineries", said Bolton.
Average retail gasoline prices in NY didn't move over the past week, averaging $2.75 a gallon on Sunday, according to GasBuddy's daily survey of 6,118 gas outlets.
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EIA's projection is up 32 cents from $2.42 a gallon last summer and translates to an annual average increase of nearly $200 per household.
"While the pause button may be hit for the time being on the spring surge, it is still likely we'll see prices advance again soon".
The average price of gas in California has shot to its highest point since 2015. The price is up three cents over the past month, up 18 cents over the past month and up 29 cents from one year ago. US crude production, meanwhile, was seen at 10.69 million barrels a day this year, down 0.1% from the previous forecast.
The average price of a gallon of gas rose to $2.77 Thursday, up from $2.66 Monday, as refineries switch to the more expensive summer blend created to cut down on tailpipe emissions during driving season.
"The potential trade war with China has a possible effect on gas prices, and of course oil prices have been going up", he said.
"Prices can vary as much as 10 cents within a mile or two, so filling up at the right station can make a difference", Sumpter said. Learn more at www.AAA.com/mobile. AAA-approved fix facilities meet and maintain high professional standards for training, equipment, cleanliness and customer service.