Gasoline prices in our area continue to tick upwards.
Prices in Butler this week are averaging $3.09 per gallon, according to AAA’s weekly fuel survey. Butler’s prices are some of the highest in the region- only topped by places including Kittanning and Mercer, where prices are averaging $3.10.
AAA says Pennsylvania remains on the list of the top 12 states with the most expensive gas prices in the country.
On the national front, prices- on average- jumped six cents on the week to $2.87, with 36 states seeing gas prices that are a nickel or more expensive than last Monday. This can be attributed to the White House’s decision to re-impose sanctions on Iran, the nationwide switchover to summer blend gasoline, growing global demand, and shrinking supply. With the beginning of the summer driving season right around the corner, consumers may see prices continue to rise – especially if crude oil prices continue to increase.
Motorists across the country are seeing 19 percent of gas stations selling gas for $3.01 or more. Today’s gas price is 16-cents more expensive than one month ago and 53-cents more than one year ago. At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate dropped 66 cents to settle at $70.70. Oil prices climbed to new highs for 2018 last week, following President Trump’s decision to re-impose economic sanctions on Iran and withdraw the U.S. from the Iran Nuclear Deal.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.