Gas prices up, but not as high as last year

Author:
Publish date:
Updated on

While gas prices are rising across the country, on average they are nearly $1.50 cheaper per gallon than this time last year, AAA reports.

As of Tuesday morning, the average price of self-serve regular in the United States was slightly above $2.31 per gallon - about 9 cents higher than one week ago. But that's down from $3.79 this time last May.

This morning, trading oil prices stood at $59.24 a barrel. On this day in 2008, oil closed at $126.51 a barrel.

"While the climb in oil and gasoline prices will not be cheered by consumers, it does indicate a certain degree of optimism in the future of the economy and relative comfort with the current retail price of gasoline," AAA said in a report.

Historically, gas prices are at their highest during midsummer, peaking sometime between Memorial Day and Labor Day.

Click here to read AAA's fuel gauge report.

Related

ICOMIA milestones

An anniversary for its refit group and the entry of an Israeli marine association are landmarks for the International Council of Marine Industry Associations.

Distracted Boating

USCG: Operator inattention caused the most accidents in 2017, but alcohol still played a part in the most fatal accidents on the water.