Gas prices likely to keep rising

Wednesday, May 5, 2021

According to GasBuddy.com’s Patrick De Haan, we should likely expect gas to hit three dollars a gallon. For the second straight week, the national average price of gasoline has risen, posting a 0.7 cent per gallon rise from a week ago to $2.89 per gallon today according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country. The national average now stands 1.8 cents higher than a month ago and $1.13 per gallon higher than a year ago. The national average price of diesel has risen 0.4 cents in the last week and stands at $3.07 per gallon. The national average now stands nearly identical to this date two years ago when prices averaged $2.90 per gallon. “The nation’s gas prices perked up again last week as oil prices advanced to fresh multi-year highs on COVID improvements overseas and the switch to summer gasoline, which is basically now complete,” said De Haan, head of petroleum analysis for GasBuddy.

To Read More
Subscribe Sign In
Continue reading with a subscription
Renews automatically. Call 870-763-4461 for questions.
Subscribe now