Gas prices expected to rise throughout the year


The average price for a gallon of gas to wrap the weekend; $2.87.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is due to higher crude oil costs.

Gas prices have held relatively steady during the first seven days of the year, according to the auto club AAA.

It's also 7 percent higher than at this time previous year, when prices were averaging $2.35 per gallon, a difference of 18 cents. In Massachusetts, it's still 19 cents higher than at this time previous year, when prices were averaging $2.29.

In the Wenatchee area, gas prices were relatively steady, holding on at $2.82 per gallon. West Texas Intermediate crude settled at a four-year high above $62 a barrel last week as global supply levels tightened.

As of Monday afternoon, prices at Shell stations remained unchanged. Then reduced winter demand pushes them lower for the next month or two.

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"Retail prices could drop 5 to 15 cents in the next month and a half while supply outpaces demand", said Mark Jenkins, spokesman at AAA in Tampa.

Demand for gas on the other hand, has dropped off significantly according the to Energy Information Administration leading to a larger supply of gas available.

"I must caution motorists, however, that any downturn would likely be short-lived as gas prices typically begin moving higher after the sweetness of Valentine's Day has worn off as refiners begin maintenance and the long road to summer gasoline begins", DeHaan said. "Unfortunately, springtime is as a springboard for prices at the pump, and we may see a 40 to 50 cent jump by the summer".

New Orleans- $2.19/g, up 1.4 cents per gallon from last week's $2.18/g.

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