Gas prices expected to rise throughout the year

Gas prices expected to rise throughout the year

Tom Kloza, global head of energy analysis for the Oil Price Information Service, believes the average price for a gallon of regular gas could rise by as much as 50 cents between the dead of winter and the spring/summer driving season thanks to increased demand and refinery maintenance that was put off a year ago due to Hurricane Harvey in the southern portion of the country.

The New York state average is $2.64, up 2 cents from last week.

Gas prices have ticked up two cents per gallon in Rhode Island. However, it should be noted that the liquid fuel tax was only increased by a total of 4 cents a gallon. West Texas Intermediate crude settled at a four-year high above $62 a barrel last week as global supply levels tightened. Then the reality of low winter demand pushes them lower for the next month or two.

AAA Northeast said gas prices are up two cents in Rhode Island and up five cents in MA.

The latest Energy Information Administration (EIA) report measures gasoline demand at a strong 9.5 million b/d, which is typical of the holiday season. "Unfortunately, springtime is a springboard for prices at the pump, and we may see a 40 to 50 cent jump by the summer". This phenomenon is normal this time of year, and usually leads to lower gas prices in January and February, AAA said.

After getting hit with higher prices associated with severe hurricanes, MA drivers are not getting the benefit of the usual January dip in gas prices, AAA Northeast said Monday.

Get Breaking News alerts from the Jackson Progress Argus delivered to your email.

Related news:

Hot News

isis-killer-beheading-video-story-top Charles Woodson Named To College Football Hall Of Fame Class Of 2018
Jan 09, 2018 - 00:57
The 2018 class will be enshrined at the 61st annual NFF Awards Dinner on December 4 at the New York Hilton Midtown hotel. Former Appalachian State football coach Mack Brown earned his spot in the College Football Hall of Fame on Monday.

isis-killer-beheading-video-story-top Police Searching For Sports Reporter After She Goes Missing In South Texas
Jan 09, 2018 - 00:57
She told Click 2 Houston that the blue truck looped back around and parked behind her before Roland got out of the auto . The roommate said Roland and her was supposed to meet up, but the roommate didn't hear from her again.

isis-killer-beheading-video-story-top NFL, NFLPA to review how Panthers handled hit on QB Newton
Jan 09, 2018 - 00:55
The organisation stipulates that any player suspected of having concussion must be evaluated in the dressing room. This isn't the first time the Panthers have been investigated for how it has handled the protocol.

isis-killer-beheading-video-story-top Celta Vigo v Real Madrid Betting Preview
Jan 08, 2018 - 05:58
After 16 games they have 31 points which they have accumulated from nine wins and four draws, while they have scored 30 goals and conceded 14 times .

isis-killer-beheading-video-story-top Sessions Unleashes the Hounds on Pro-Pot States
Jan 08, 2018 - 04:59
It's unclear now how the Justice Department's move will impact recreational and medical marijuana markets around the country. Coos County Sherriff Craig Zanni said, "This is now a federal issue related to a change of federal prosecutor's directives".

isis-killer-beheading-video-story-top SpaceX launches secretive Zuma mission
Jan 08, 2018 - 04:53
Sunday temperatures will start out in the low 50s near the Cape Canaveral Air Force pad, with colder temperatures further inland. United Launch Alliance, meanwhile, is close to starting its 2018 launch campaign with a pair of launches from two coasts.

isis-killer-beheading-video-story-top Danny Welbeck Starts - Arsenal Team vs Nottingham Forest Confirmed
Jan 08, 2018 - 03:53
Arsenal have beaten Chelsea, Aston Villa and Hull City in their last three FA Cup final triumphs. He said , "The more often we get into good areas, the quicker that will improve".

isis-killer-beheading-video-story-top Vikings will play Panthers-Saints victor in divisional round
Jan 08, 2018 - 03:52
It's a clash of two teams who made it to the Super Bowl - and one winning it - and neither have done much since. Carolina still lost 31-21, but the 2015 MVP feels he's a more effective player when not chained to the pocket.

isis-killer-beheading-video-story-top Chelsea complete signing of Barkley from Everton
Jan 08, 2018 - 03:42
He's a good prospect but at the same time, it will be very important to understand when he can recover from his injury. He went on to make 179 appearances for his boyhood club across all competitions and scored 27 goals.

isis-killer-beheading-video-story-top Lalu sentenced to 3.5 years Jail in fodder scam
Jan 08, 2018 - 03:39
After being in jail for two months, he got bail from the Supreme Court. Trial began before the special CBI court, Ranchi in February 2002.

isis-killer-beheading-video-story-top Roy Moore's 'Jewish lawyer' believes in Jesus Christ
Jan 07, 2018 - 01:31
Corfman is asking Moore to retract his statements, publicly apologize and pay the "costs and expenses of this action". Kayla Moore made the " one of our attorneys is a Jew " comment during a December 11 rally for her husband in Alabama.

isis-killer-beheading-video-story-top WARNING GRAPHIC LANGUAGE: ESPN's Katie Nolan calls Donald Trump a 'stupid person
Jan 07, 2018 - 01:19
Since then she's appeared on a variety of TV shows, including Hill's "The Six" and Dan Le Batard's "Highly Questionable". Desus said the thumbs-up is now associated with white supremacy because President Trump often uses it in photo-ops.

isis-killer-beheading-video-story-top Iran Accuses US of 'Grotesque' Meddling Through Social Media
Jan 07, 2018 - 01:18
Ben Evansky reports for Fox News on the United Nations and global affairs. "The people of Iran are crying out for freedom". She also called government of Iran to "stop censoring the voice of the people, and to restore the access to the Internet".

isis-killer-beheading-video-story-top Winning Mega Millions ticket sold in Florida
Jan 07, 2018 - 01:12
Numbers will be drawn Saturday night for the seventh-largest jackpot in USA history - $570 million before taxes. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time.

isis-killer-beheading-video-story-top California officially enters era of legal marijuana with new rules starting today
Jan 06, 2018 - 03:43
But proprietors, activists and consumers said such words aren't going to shut down the burgeoning marijuana industry. This completes one stage of a very long journey for us to be the largest distributor in the state of California .