"Gas prices are only a penny away from topping the $2.67 high of 2017", said Jeanette Casselano, AAA spokesperson. The least expensive gas price averages in Tennessee were in Memphis at $2.40, Knoxville at $2.43 and Chattanooga at $2.44. California's average gas price has jumped to $3.52, compared with $2.99 a year ago.
Kern County prices ranged between $3.551 and $3.479 per gallon, according to AAA. That's 17.9 cents higher than it was a month ago on March 13. The national average price for a gallon of regular unleaded is $2.67, which is one cent more than this day last week and 27 cents more than the price per gallon at this same time past year.
GasBuddy analyst Patrick DeHaan said the gasoline price has followed oil price trends, which are up largely because the Organization of Petroleum Exporting Countries and Russian Federation have scaled back their oil output.
"Though no president can control gas prices, I think some of the rhetoric coming out of the White House is concerning because it's inflicting unnecessary trauma on the economy", DeHaan said.
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"The potential trade war with China has a possible effect on gas prices, and of course oil prices have been going up", he said. In addition, smaller issues driving prices up include refinery maintenance season, which is beginning to wrap up, and the switch-over to summer gasoline, which is also nearing completion. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.69 while drivers in San Antonio are paying the least at $2.32 per gallon. Wyoming is at an average of $2.50.
"The forecast attributes this increase, in large part, to higher Brent crude-oil prices, which are reaching average spot prices not approached since 2014", Linda Capuano, administrator of the EIA, said in a release.
The average American household is expected to pay about $200 more on gas in 2018 than in 2017, the U.S. Energy Information Administration projected.
"You have to put today's moves in the context of the last three days".