Gas prices hold mostly steady, but likely rise with temperatures

Gas prices hold mostly steady, but likely rise with temperatures
GasBuddy reported the nationwide average at $2.86 per gallon, which is up 9.9 cents at this time last month and up 95.5 cents from a year ago. (Source: KAIT-TV)

(KFVS) - A petroleum analyst says gas prices could once again rise to $3 per gallon on average nationwide in the coming months.

According to GasBuddy, prices are holding mostly steady, but demand for fuel will likely rising along with warmer temperatures.

“Overall, it’s a small increase in output as global demand continues to show strength in light of COVID-related improvements,” said head of petroleum analysis for GasBuddy Patrick De Haan. “U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter, and with demand growth likely to remain robust, we may see a second attempt at a run at a national average of $3 per gallon in the months ahead. While the last few weeks have seen gas prices hold mostly steady, it’s not likely to last forever, especially as Americans increasingly get outside as warmer temperatures return.”

As of Monday morning, April 5, GasBuddy reported the nationwide average at $2.86 per gallon, which is up 9.9 cents at this time last month and up 95.5 cents from a year ago.

The average price of fuel at the pump fell 0.4 cents from the last week.

The following chart shows average fuel prices per gallon in Missouri, Illinois, Kentucky and Tennessee:

State Average price 4/5 Last week’s average Last month’s average Price average last year
Illinois $3.087/gallon $3.002 (up 8.5 cents) $2.841 (up 24.6 cents) $1.862 (up 122.5 cents)
Kentucky $2.736/gallon $2.671 (up 6.5 cents) $2.539 (up 19.7 cents) $1.554 (up 118.2 cents)
Missouri $2.653/gallon $2.650 (steady +0.3 cents) $2.527 (up 12.6 cents) $1.616 (up 103.76 cents)
Tennessee $2.684/gallon $2.637 (up 4.7 cents) $2.538 (up 14.6 cents) $1.653 (up 103.1 cents)

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