BOSTON, Mass. (WKBN) – The U.S. national average for a gallon of gasoline rose 6.1 cents in the last week to $2.287 per gallon this morning, according to fuel-price tracker GasBuddy.
While gas prices Monday stand nearly 15 cents higher than a month ago, they remain 46 cents lower than last year’s $2.75 per gallon.
49 of 50 states saw average gasoline prices climb last week, a rise from the 34 states that saw increases the week prior as crude oil prices continued holding near their 2016 peak price of $48.50 per barrel.
Leading states higher was Ohio (up 13.3 cents), Michigan (up 13.1 cents), Indiana (up 11.4 cents), Minnesota (up 11.2 cents) and Nebraska (up 9.0 cents). The Midwest continued to see the highest jumps at the pump as maintenance and tightness in gasoline supply persist, thanks to demand rising 7.2 percent over last year and lackluster gasoline production from refiners, due to an extensive maintenance season that has yielded lower than normal utilization at the region’s refineries.
For the first time in months, no state has an average gasoline price under $2 per gallon.
While gasoline prices have increased over 60 cents from their low in February, there may be a peak hit in the next few weeks as refiners finish remaining maintenance and crank up production. GasBuddy expects the national average be $2.29/gallon on Memorial Day and peak in the $2.30s in early June before declining and spending much of the summer in the low $2 per gallon range.