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AAA Michigan: Statewide average gas prices remain flat

10 May, 2018, 11:25 | Author: Priscilla Morrison

As analysts see it today, there's as much a chance that US gas prices could go down from here as up.

The average for last month was 14.2 cents lower than Monday's prices, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. The average for Pennsylvania is $3.02. Gas prices have gone up 9.8 cents from last month's average and have increased 48.3 cents from last year's average.

The national average for regular gas is up to $2.81, according to AAA.

Those in Fresno can probably add a dollar on top of the national price, with high state taxes and stringent standards for reformulating gasoline raising consumers' costs in the Golden State.




At $2.89 a gallon the Marathon in Hamburg has some of the highest gas prices in town.

Retail prices have held steady for a week but "all bets are off right now, pending the President's decision" on the Iranian nuclear deal, said Mark Jenkins, spokesman for motorist organization AAA/The Auto Club Group. "Even with gasoline demand remaining flat during the past two weeks, the national gas average increased five cents in the past two weeks with other factors driving prices, including the switchover to summer blend, geopolitical events, global supply and US production".

"Continuing the deal would be a surprise and could bring lower gas prices, while prices may move higher if the deal is killed", Patrick DeHann, head of petroleum analysis at GasBuddy, told Yahoo Finance. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up - every time.

Memorial Day is historically a period when prices climb as refiners and gas stations prepare for the summer driving season. "Part of this could be the sanctions against Iran, but it could also just be higher demand". It could translate into high prices at the pump. The likely result is another increase in crude oil prices.

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