Gas prices which were on the decline have started to climb as summer demand increases and supplies grow scarce. For those planning to travel during this week’s Independence Day holiday, it isn’t good news.
According to the AAA Fuel Gauge Survey, the average price of regular gas is $2.70 a gallon, higher than a week ago, but lower than this time last year. The national average for premium is $3.28 a gallon and the average price of diesel fuel is $2.99 a gallon.
The explosion and fire at the Philadelphia Energy Solutions Refining Complex in South Philadelphia a week ago is likely to affect prices as the U.S. relies on imports to fulfill the demand.
Patrick DeHaan, Head of Petroleum Analysis at GasBuddy, told ConsumerAffairs, “This could result in PADD 1 becoming quite tight for gasoline supply. They’re going to be reliant on imports of gasoline, mainly from Europe or the Gulf Coast. As a result, they could be subject to more pricing volatility in the months and years ahead.”
The Midwest experienced highest hikes in rates. Ohio’s average price of of regular gas surged 20 cents a gallon. Michigan was up seven cents a gallon. Here are the rest of the prices according to the survey:
States With Highest Prices for Regular Gas
- California ($3.73)
- Hawaii ($3.64)
- Washington ($3.35)
- Oregon ($3.35)
- Nevada ($3.33)
- Alaska ($3.27)
- Idaho ($3.03)
- Utah ($3.01)
- Arizona ($2.90)
- Illinois ($2.88)
States With Lowest Prices for Regular Gas
- Mississippi ($2.28)
- Alabama ($2.30)
- Louisiana ($2.31)
- South Carolina ($2.32)
- Arkansas ($2.33)
- Oklahoma ($2.38)
- Tennessee ($2.39)
- Texas ($2.39)
- Missouri ($2.39)
- Virginia ($2.41)
DeHaan says the price hike will likely hit the east coast first, due to the loss of the Philadelphia complex before it will be felt on the west coast.
What do you think about the rise in gas prices? Will this affect your holiday travel? Will this affect your summer travel? Tell us in the comments below. You can also contact us for more information! Feel free to shoot us an email to Outreach@ConsiderTheConsumer.com. You can also find us on Twitter, Facebook, Instagram, LinkedIn, or even connect with us directly on our website!
About the Author: Aisha K. Staggers is a writer, lecturer, political analyst and literary agent. She appears weekly for “Staggers’ State of Things” on the Dr. Vibe Show. Her work has been published by Paper Magazine, AfroPunk, The Spool, GREY Journal, MTV News, HuffPost, Blavity, Atlanta Blackstar, For Harriet, New York Review of Books and a host of other first-run publications and syndicated outlets. Find her on Twitter @AishaStaggers. For more of her work, check out her page here!