National Gas Price Average Up For 29 Straight Days

Feb 17, 2013 -- 12:36pm

The national average for regular unleaded has gone up for a 29th straight day.

AAA Mid-Atlantic says the national average for regular unleaded went up 13 cents in the last week, up to $3.71 a gallon. In Delaware, regular rose a nickel in the last week to $3.67. In southern New Jersey, regular went up by three cents to $3.56 a gallon, and on the Eastern Shore of Maryland, regular went up by a nickel to $3.56.

Crude oil prices were between $95 and $97 a barrel last week. Prices were supported by positive economic data and increasing inventories in the U.S., but were held lower by data that showed the economies in Germany, Italy and France, the three largest countries in the European Union, shrank more than expected. Investors are also keeping an eye on Iran to see how its actions may affect crude oil futures.

In the short-term, supplies are lower as regional refineries perform their seasonal maintenance and prepare to switch over to producing summer-blend gasoline. AAA says gas prices are expected to peak at lower levels this spring than in the previous two years.

Return to: WGMD Local News Blog

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