{"id":117397,"date":"2017-07-13T08:59:24","date_gmt":"2017-07-13T12:59:24","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=117397"},"modified":"2017-07-13T10:34:00","modified_gmt":"2017-07-13T14:34:00","slug":"average-gas-prices-on-the-rise-after-holiday","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2017\/07\/average-gas-prices-on-the-rise-after-holiday\/","title":{"rendered":"Average Gas Prices on the Rise After Holiday"},"content":{"rendered":"
\"\"<\/a>
Gas prices moved upward \u2013 on average \u2013 for the first time in five weeks this week, according to AAA.<\/figcaption><\/figure>\n

With the summer driving season in full swing AAA reports that gasoline prices across the U.S have begun to creep upward.<\/p>\n

For the first time in five weeks, the national average gas price is rising. At $2.26, today\u2019s price has been moving higher since July 6, and is three cents more than last week. The price\u00a0increase\u00a0follows a week of solid demand growth and a third straight week of gasoline inventory drawdowns across the country.<\/p>\n

\"\"<\/a>
Subscribe & Stay on Top!<\/figcaption><\/figure>\n

\u201cGas prices are still at some of the cheapest prices we\u2019ve seen this year, but consumers should take advantage of them while they can,\u201d said Jeanette Casselano, AAA spokesperson.<\/p>\n

\u201cThis week, drivers in 31 states are paying more than last week for a gallon of gas. And we expect to see slight price increases throughout July, so now\u2019s the time to hit the road.\u201d<\/p>\n

(Honda Accord tops most stolen vehicle list for 2016. <\/em>Click Here<\/a><\/span>\u00a0to see the details.)<\/em><\/strong><\/p>\n

Of the states seeing jumps in gas prices, Indiana, Ohio, Michigan and Kentucky top the charts with double-digit increases. Thirteen states, mostly on the West Coast and in the Rockies, saw prices decrease by pennies. Across the country, consumers can find gas for $2.25 or less at 58% of gas stations.<\/p>\n

Meanwhile the price of crude oil continues to drop on global markets, AAA observed.<\/p>\n

Last week\u2019s market losses continued into Monday morning, with West Texas Intermediate opening just below $44 per barrel. Last week\u2019s EIA report showed encouraging trends for the market, revealing increased gasoline demand and a decrease in crude storage levels.<\/p>\n

(<\/em><\/strong>Click Here<\/a><\/strong><\/span>\u00a0to see how Republicans plan to supersede state laws about autonomous driving.)<\/em><\/strong><\/p>\n

For gasoline, the week ending on June 30 saw demand at 9.705 million barrels per day \u2013 representing an increase of 167,000 from the previous week. Crude oil storage levels were down by 6.3 million barrels. Typically, these figures would lead the market to believe that increasing gasoline demand is beginning to drain the glut of crude that has kept prices low for most of the year.<\/p>\n

However, two new pieces of information have led the market to believe that the glut of crude oil may be replenishing at a faster rate than expected:<\/p>\n

Baker Hughes Inc. reported that the U.S. added seven oil rigs last week. The total number of rigs stands at 763, diminishing belief that last week\u2019s decrease in the number of rigs could have signaled a new trend of slowing production levels in the U.S.<\/p>\n

(Mexico auto exports to U.S. reach record high in June.\u00a0<\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

During the past two weeks crude oil output from Libya, a member of OPEC but exempt from OPEC\u2019s agreed production cuts through March 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the summer driving season in full swing AAA reports that gasoline prices across the U.S have begun to creep upward for the first time in five weeks. To see why its moving, go to TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":113200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/117397"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=117397"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/117397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/113200"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=117397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=117397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=117397"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=117397"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=117397"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=117397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}