Jump at the pump continues

Speedway gas station off of Atlantic Boulevard

Hawaii, HI, April 10- Average retail gasoline prices in Hawaii have fallen 1.1 cents per gallon in the past week, averaging $3.03/g yesterday, according to GasBuddy's daily survey of 355 gas outlets in Hawaii. And while gas prices can vary a great deal depending on geography and other factors, the agency says it believes the average price of gas will rise to $2.39 a gallon this year, from $2.15 a gallon in 2016.

The price per gallon rose 5.7 cents during the past week to an average of $2.10, according to gas price service GasBuddy. "Declining gasoline inventories, like we saw last week, normally trigger a rise in gas prices".

"This is the type of volatility we've come to expect this time of year", AAA spokesman Mark Jenkins said in a prepared statement to the Florida Times-Union.

At this time past year, gasoline was $2.05 a gallon on average in Milwaukee. The average price in metro Macon was $2.21, up from $2.15 last week. "Geopolitical tensions have surged between some of the world's largest oil producers, and the market, with concern abounding, will likely send oil prices higher". Also, many areas are nearing completion of the transition to more expensive summer blend gasoline, DeHaan added.

Roseville, CA- Roseville motorists aren't alone as seasonal pressure begins kicking gas prices higher around the country.

West Texas Intermediate crude oil for May delivery traded up about 1.2% Monday morning to $52.87 a barrel, well above last Monday's closing price of $50.24.




Nationally, the spike was not as dramatic, with the average at $2.389, up from $2.326 a week ago and $2.303 at this time in March.

Gas prices bottomed near November of 2015 when the national average dipped below $2 per gallon.

This time past year, the area average was $2.01.

While California's new tax hike would mean only an annual bump of between $25 and $175 in fuel costs, the combination of that higher cost on top of already climbing prices at the pump creates a psychological sense of gas-price ennui. Prices now are the highest since January. One year ago, the price was $2.04.

On Tuesday, benchmark West Texas Intermediate crude oil rose 32 cents to close at $53.40 a barrel in NY, its sixth gain in a row.

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