GasBuddy: Oklahoma gas prices on the rise

03 May, 2018, 12:02 | Author: Billie Castillo
  • Tuesday is the Best Day to Buy Gas in California, Friday the Worst

Crude oil prices are at the highest level in more than three years and are expected to keep climbing, increasing the cost of gasoline across the country. The monthly national average of $2.72 was 33 cents more than the same time previous year, Tennessee's monthly state average of $2.51 was 36 cents more than April 2017. This practice started in 2016 when prices were as low as $27 a barrel and the nationwide average got below $2 per gallon at times. "Having a tank of gas last until Sunday or even Monday each week can collectively save drivers $2.6 billion, and spare the headache of not being able to find an available pump", said DeHaan.

Four years ago, gas prices reached as high as $3.70 a gallon about this time of that year. Benchmark U.S. crude closed Friday at $68.10.

Rising oil prices are projected to translate into higher gas prices come this summer.

"The persistence of the recovery has been the thing that has driven traffic, regardless of whether gas is 20 cents higher than it was", Mills said. "The only good news for motorists?"

And more price hikes are on the horizon.

Mr Kevin Lanke, a motion picture lighting technician in Redondo Beach, California, says he's now paying about Dollars 3.39 per gallon to fill up the 25-gallon tank in his 2000 Land Cruiser SUV.

When looking at year-on-year increases, California where prices have increased by 62 cents tops the list of all states in the country, followed by Arizona by 55 cents, Hawaii by 54 cents, Nevada by 52 cents, OR by 43 cents and Washington by 38 cents. "Now it's in the mid $60s for the same amount of gas".

Global markets have tightened up oversupply that pulled down prices in recent years, said Denton Cinquegrana, chief oil analyst at Oil Price Information Service. But he's already weighing his options, saying if gas goes to $4 a gallon he'll buy a more fuel-efficient vehicle to use as his main ride and drive the Land Cruiser only when he needs it. This is the highest prices have been since 2014. And a lot of the reason for that is because crude oil inventories have declined over the past year.

$-0.05 EPS Expected for Under Armour, Inc. (UAA) as of May, 1
Delpha Capital Management LLC acquired a new stake in shares of Under Armour in the 4th quarter worth approximately $110,000. Its Average True Range (ATR) shows a figure of 0.63. (NYSE:UA) has "Hold" rating given on Tuesday, October 31 by Cowen & Co.

That has amplified the typical increase in gas prices seen this time of year.

Of the 10 Kansas cities regularly highlighted by AAA Kansas, eight cities saw gas price increases in the past week.

According to AAA, Drivers in Western states, including California, Oregon, Washington, Nevada, Alaska, and Hawaii, are paying the most at the pump. "If we saw gas prices persistently higher than $3 a gallon, we would see some impact on travel". They're ranging from $2.68 to $2.80 per gallon.

Gasbuddy.com says it analyzed gas price data from January - March 2018.

He said that "We're seeing a higher price environment but I don't think we're goig to look at really apocalyptic numbers".

2 Wants To Know got this email from Joseph saying,"How come gas prices have gone up almost 50c a gallon since Christmas?"

Average retail gasoline prices in Wyoming have risen 1.9 cents per gallon in the past week, averaging $2.60/g yesterday, according to GasBuddy's daily survey of 494 gas outlets in Wyoming.

The national average hit $2.81 Monday, just seven cents above Kentucky's average, according to AAA. Although stocks are below the level they were at last year, they are still higher than the five-year average for the region.

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