The latest Fuel Gauge Report from AAA says the national average price of gas has risen sharply in the Midwest due to supply concerns caused by heavy rainstorms in the region, but nationwide, prices in 43 states and D.C. are lower than a week ago.
The national average price for a gallon of regular, unleaded gasoline was $3.52 on Tuesday, April 23. This price is up 1 cent from a week ago but is still 35 cents less than the same price on that day in 2012.
On a regional basis, four states have seen prices jump by more than 10 cents per gallon or more, specifically Illinois, which is up 10 cents; Michigan, up 24 cents; and Ohio and Indiana, each up 28 cents per gallon. AAA said the causes behind this price jump are power outages caused by storms, which affects the ability to deliver fuel, and the switch to summer blend gasoline (AAA said refineries have to meet a May 1 deadline to make the switch and start the process in March and April).
In the rest of the country, however, retail gasoline prices have been falling due to low demand, falling oil prices, and mediocre economic news, according to AAA. The price of a barrel of West Texas Intermediate fell to $86.68 per barrel last week, which the company said is the lowest price so far for 2013.
Don’t let gas prices influence or affect your fleet or your pocket, invest in a Fleet Tracking device that will allow you to save money. Click the button below now to find out how.