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National Average Gas Prices Spike Ahead of the Holidays – Fuel

National Average Gas Prices Spike Ahead of the Holidays – Fuel

by admin
December 28, 2020
in Auto News
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The national average for gasoline is 11 cents more expensive than last month, but 33 cents cheaper than last year. - Photo: AAA

The nationwide common for gasoline is 11 cents costlier than final month, however 33 cents cheaper than final yr.

Photograph: AAA

The nationwide common worth for gasoline jumped six cents to $2.22 to start out the week earlier than the vacations, the very best nationwide common since mid-September, in line with AAA.

Two elements have contributed to driving up the worth on the pump: rising crude oil costs and tightening provide, in line with AAA. Costs additionally started to rise final month alongside vaccination information and have solely elevated with it turning into accessible. Nonetheless, demand for gas nonetheless stays at an especially low stage. AAA believes this issue will influence gasoline costs, pushing them cheaper in January.

“The latest gasoline worth pump jumps are a bit stunning given December demand numbers are the bottom posted for the month since 1999,” stated Jeanette Casselano McGee, AAA spokesperson. “The will increase are more likely to be short-lived, particularly as vacation highway journey is predicted to see no less than a 25% decline.”

In the present day’s nationwide common is 11 cents costlier than final month, however 33 cents cheaper than final yr.

The nation’s prime 10 largest weekly will increase had been Wisconsin (up 13 cents), Michigan (up 12 cents), Indiana (up 12 cents), Ohio (up 11 cents), Minnesota (up 9 cents), Illinois (up 9 cents), Missouri (up 9 cents), Iowa (up 8 cents), Texas (up 8 cents) and South Carolina (up 8 cents).

In the meantime, listed here are the nation’s prime 10 least costly markets: Mississippi ($1.89), Louisiana ($1.93), Missouri ($1.93), Texas ($1.93), Oklahoma ($1.94), Arkansas ($1.94), Tennessee ($1.97), Alabama ($1.97), South Carolina ($1.99) and Kansas ($2.00).



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