Gas Prices Inch Up, AAA Sees Possible 40-Cent Rise in Summer

[mahatmakanejeeves]

Last edited Mon Apr 3, 2017, 10:02 AM - Edit history (3)

Gas Prices Inch Up, AAA Sees Possible 40-Cent Rise in Summer

Gas prices inched up in the last week in New Jersey, reflecting a national trend.

| April 1, 2017, at 10:42 a.m.

TRENTON, N.J. (AP) — Gas prices inched up in the last week in New Jersey, reflecting a national trend.

A gallon of regular unleaded gas in New Jersey rose a penny to $2.29. That's an increase of 45 cents from a year ago. The state implemented a 23-cent gas tax hike last November.

AAA Mid-Atlantic says the current increase is due to a shift to summer-grade blends and to the rising price of crude oil. Crude reached $50.70 per barrel on Friday, compared to $48.05 a week earlier.

Nationally, a gallon of unleaded rose two cents to $2.31 last week, an increase of 25 cents over a year ago. ... AAA says gas prices could increase as much as 40 cents per gallon this summer, but hopefully will stay under $3 per gallon.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

On his homepage, Virginia congresscritter Morgan Griffith has prominently displayed the price of a gallon of gas, as a way of demonstrating what a disaster Obama has been for the economy.

I wonder how long that will stay up.

[Historic NY]

1. Wait until El Trumpo gets grief from the driving public......

[The_Casual_Observer]

2. The tried and true reason for a recession.

[packman]

3. This will be the nail in the coffin- forget Russia, it's gas prices

If gas gets into the $3+ range, you'll see Trump's approval rating really go further into the toilet. One of the few joys in the Deplorable's World is riding around in their big-ass trucks .

[kacekwl]

4. Where do these reports come from?

Here in Northern Illinois gas regularly goes up 30-50 cents at least once a month. Then slowly trickles down a few cents at a time until it's back to close to where it was then boom back up again. I read this nonsense constantly .

[Warpy]

5. It happens when the GOP gets in

The spot market futures have been behaving themselves, yet prices have climbed since the inauguration.

I wish Republicans would notice, but they seem to enjoy whining about how much it costs to fill up the monster pickup or SUV.