- Within the past three years, gas prices have hit an all-time high, officials said.
DeHaan says prices are on the rise due in part to higher oil prices and higher demand for gasoline.
The average cost for a gallon of gas on Monday in the Bradenton-Sarasota area was $2.70, slightly below the statewide average of $2.74.
"In addition, government data highlighted a new record for gasoline demand was breached last week, and we're not even into the summer driving season yet", he said. The average for Sunday was 0.9 cents higher than Monday's prices, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.
Despite Georgia gas prices sitting under the national average, they remain at the same level following the landfall of Hurricane Harvey and Irma in September 2017. Banner Elk now has a couple of stations, the Exxon at 115 Main St and the Circle K at 379 Shawneehaw Ave., where prices are at $2.55 per gallon, according to GasBuddy. "Higher oil prices have also enticed USA producers to ramp up crude oil exports, effectively draining US oil inventories at a higher pace that than oil is being replaced".
Gas prices are on the rise, creeping closer to the $3 mark.
"We typically see them go up a little this time a year, but they're up considerably", she said.
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"Right now, crude oil cost is about 25-percent more than it was a year ago", said Townsend.
San Francisco: $3.70/g, up 2.1 cents per gallon from last week's $3.68/g.
Gas prices have increased 25.5 cents from last month's average and have increased 29.7 cents from last year's average.
For the second week in a row, gas prices rose in Baton Rouge.
Crain said crude oil prices have been on a steady climb upward in the a year ago, mainly as a result of the economy doing well and the increase in supply.
Oil prices are increasing globally, driven by a supply shortage and geopolitical tensions, DeHaan said.