Gas prices are on the rise in Baton Rouge

Mae Love
February 6, 2018

The national average has increased 11.2 cents per gallon during the last month and stands 34.0 cents per gallon higher than this day one year ago.

Gasoline prices may begin a larger upward trend after Valentine's Day as refineries will likely ramp up maintenance plans, thus reducing the amount of gasoline being produced and likely leading to higher prices.

Most of the hikes occurred early last week, AAA said, and the price at the pump declined fractionally in the past couple days.

Welsh said checking the gas prices is very easy.

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Oil production in the U.S.is the highest it has been since the 1970s, and last year's product cuts at OPEC has prevented U.S production from rising, according to head of petroleum analysis for GasBuddy, Patrick DeHaan. The price in ME went up 1.3 cents to $2.64 a gallon. The state average for the entire month of January finished at $2.42, an increase of 19 cents from January 2017.

The average per-gallon price for unleaded regular climbed another 6 cents to $2.61 - the highest average price for this time of year since 2014, travel club AAA said. More positive news is that domestic oil production is closing in on 10 million barrels per day, which would almost double the amount seen a decade ago, AAA said. This can be attributed to strong demand coupled with steadily rising oil prices. In Massachusetts, gas prices are 34 cents lower than they were a year ago, when prices were averaging $2.19 per gallon. "While oil production in the US reaches highs not seen since the 1970s, OPEC's production cuts for the a year ago have weighed heavily on global inventories, mitigating any small rise in USA production".

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AAA East Central is a not-for-profit association with 81 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.

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