Post by Mr_Geo (Louisville, KY) on Mar 20, 2018 0:56:52 GMT -5
www.chron.com/business/energy/article/Gasoline-prices-jump-in-Houston-ahead-of-summer-12763711.php
By Katherine Blunt Updated 5:48 pm, Monday, March 19, 2018
The cost of gasoline in Houston and across the country jumped as refiners begin blending pricier summer fuels.
After weeks of fluctuation, the cost of gasoline in Houston and across the country jumped as refiners begin blending pricier summer fuels.
The average cost of a gallon of regular unleaded in the Houston area increased 5.4 cents last week to $2.31, while the national average rose 2.5 cents to $2.54 a gallon, according to GasBuddy, which tracks fuel prices nationwide.
In Houston, gasoline costs nearly 24 cents more than it did at this time last year. Nationally, prices have increased by more than 25 cents during the same period.
RELATED: Gasoline prices in 'limbo' as oil prices fluctuate
Historically, fuel prices have ranged widely at this time of year as refiners complete seasonal maintenance and switch to more expensive, lower-emissions fuel blends for the summer driving season. Patrick DeHaan, head of petroleum analysis for GasBuddy, anticipates that gasoline this spring will cost 10 to 25 percent more than it did at this time last year, when oil prices were much lower.
"The national average now stands at its highest level in over a month and is likely to continue moving higher in the weeks ahead as demand continues to recover from the winter blues and the transition to summer gasoline kicks into high gear," he said.
By Katherine Blunt Updated 5:48 pm, Monday, March 19, 2018
The cost of gasoline in Houston and across the country jumped as refiners begin blending pricier summer fuels.
After weeks of fluctuation, the cost of gasoline in Houston and across the country jumped as refiners begin blending pricier summer fuels.
The average cost of a gallon of regular unleaded in the Houston area increased 5.4 cents last week to $2.31, while the national average rose 2.5 cents to $2.54 a gallon, according to GasBuddy, which tracks fuel prices nationwide.
In Houston, gasoline costs nearly 24 cents more than it did at this time last year. Nationally, prices have increased by more than 25 cents during the same period.
RELATED: Gasoline prices in 'limbo' as oil prices fluctuate
Historically, fuel prices have ranged widely at this time of year as refiners complete seasonal maintenance and switch to more expensive, lower-emissions fuel blends for the summer driving season. Patrick DeHaan, head of petroleum analysis for GasBuddy, anticipates that gasoline this spring will cost 10 to 25 percent more than it did at this time last year, when oil prices were much lower.
"The national average now stands at its highest level in over a month and is likely to continue moving higher in the weeks ahead as demand continues to recover from the winter blues and the transition to summer gasoline kicks into high gear," he said.