Gas Prices Up 49 Cents Since Start of Year - New York News | NYC Breaking News

Gas Prices Up 49 Cents Since Start of Year; Higher Prices Yet To Come

Posted: Updated:
After 36 consecutive days of rising gas prices, AAA Mid-Atlantic reports the national average fell for three straight days last month. (AP Photo, file) After 36 consecutive days of rising gas prices, AAA Mid-Atlantic reports the national average fell for three straight days last month. (AP Photo, file)
PHILADELPHIA -

Although drivers found some slight relief at the pumps this week, AAA Mid-Atlantic reports the national average price of gas still marked the highest on record for this calendar day.

According to AAA, the price of regular grade gasoline was $3.77, down a cent this week.

After 36 days of rising prices, AAA says the national average fell for three straight days from Feb. 23 to the 25 to break the longest string of increases in nearly two years.

The recent surge, according to AAA, is the result of refinery maintenance and other issues, which have produced less gas and fewer supplies.

"Motorists unfortunately are paying more for gasoline than ever at this time of year," Jana Tidwell of AAA Mid-Atlantic said in a statement. "There is a lot of uncertainty on where gas prices will go over the next few weeks and there is still refinery maintenance to be completed and most of the country must transition to summer-blend gasoline, so motorists are likely to face continued high prices in the weeks ahead."

AAA analysts believe gas prices may peak sooner than in previous years.

  • Local NewsLocal News

  • Sunday, May 19 2013 12:24 AM EDT2013-05-19 04:24:33 GMT
    Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
    Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
  • Sunday, May 19 2013 12:21 AM EDT2013-05-19 04:21:01 GMT
    Nassau County police said the Hofstra University student killed during a home invasion robbery was the victim of friendly fire from an officer.
    Nassau County police said the Hofstra University student killed during a home invasion robbery was the victim of friendly fire from an officer.
  • Sunday, May 19 2013 12:16 AM EDT2013-05-19 04:16:49 GMT
    The winning numbers in a near-historic Powerball jackpot were announced Saturday night.
    The winning numbers in a near-historic Powerball jackpot were announced Saturday night.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices