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Published: Thu, February 16, 2017
Economy | By Melissa Porter

AAA: Gas prices remain steady

AAA: Gas prices remain steady

"The national average typically rises 35-65 cents from its low price, usually in February, through Memorial Day, and there's no reason to believe the same won't happen this year, so buckle up", he said. Most of those are on Jacksonville's Westside.

The average price for gas in Rhode Island was 43 cents lower a year ago, at $1.80 per gallon.

Analysts say price hikes are due to cuts in global oil production.

GasBuddy reports prices have fallen 1.4 cents in the past week.

The current national gas price average for regular unleaded is $2.27 a gallon, GasBuddy reports. Crude oil prices retreated last week on the antcipation that inventories remain extremely high. Gas prices have moved more or less in parallel with crude oil prices, which have traded in a narrow band around the $55 per barrel mark since late a year ago.

Compared to early February 2016, gas prices already are considerably higher. The average in Florida dropped 1 cent to $2.27 while the average in Georgia stayed at $2.18.

The decline could last another week or two, but once refineries jump start their spring maintenance, drivers should expect prices to inch upwards again, said Patrick DeHaan, a senior petroleum analyst for GasBuddy.com, a Boston-based provider of retail fuel pricing information and data.

Gas prices edged up higher fractions of a penny over the weekend to reach today's average price of $2.28.

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