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Tuesday, March 26, 2024

Gas Prices Jumped Sharply

Above, filling up at the Jamestown, New Mexico Flying J. Photo by Armand Vaquer.

The national average price of gasoline jumped last week.

I noticed that the price for unleaded regular yesterday at the local Flying J was at $3.039/gallon. The last time I checked (last Friday), gasoline in Gallup (18 miles away) was $2.779/gallon. 

According to RV Travel, while demand has lessened, the price of oil is what's driving up gasoline prices.

They wrote:

The national average for a gallon of gas rose 11 cents since last week to $3.52. While demand for domestic gas has been lackluster, rising oil prices helped push pump prices higher. The Midwest may see a bit of a price reprieve, as the large BP Whiting refinery in Indiana is back up and running after being down since February 1.

“Gas prices are a lot like seasonal temperatures. They start to rise with the arrival of spring, said Andrew Gross, AAA spokesperson. “And the national average for gas is now higher than a year ago, which we have not seen since late December.”

To read more, go here

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