After prices went down a little bit last week, the nation’s average gas prices have started going up once again, rising 2.5 cents per gallon from a week ago to $3.09, according to GasBuddy. The national average is now 4.7 cents higher than a month ago and 92.1 cents higher than a year ago. The national average price of diesel has gone up 2.3 cents in the last week and is now at $3.24 per gallon.
Gas Buddy’s Patrick De Haan says, “As we approach July 4th, it appears the only way forward is for gas prices to continue to rise as Americans’ demand for gasoline continues to act as a catalyst.” Crude oil inventories dropped again last week, falling 7.6 million barrels and now stand six percent under the average for this time of year. Gasoline inventories also took a dip, dropping 2.9 million barrels. U.S. gasoline demand fell a little bit after reaching new records for consecutive weeks. Nationally, weekly gasoline demand went down 2.1 percent.
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