GasBuddy says the national average is down 1.5 cents for the week, up 20 cents for the month and down 35 cents compared to a year ago.
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This year’s savings are in addition to the $120 billion that Americans saved over the course of 2015 compared to the previous year, which was about $565 per licensed driver.
The EIA estimated gasoline consumption at 395 million gallons per day in its latest four-week average, which is about five percent higher than the same period a year ago and the highest for this time of year on record. This special blend of fuel has begun to make its way to fuel terminals in many parts of the country.
Drivers likely will notice higher prices over the next few weeks.
“Demand is up. We’re sort of in the midst of the spring break season, so there’s higher demand”, Townsend said.
Prices typically drop in winter, when refineries are producing the more cost-effective winter blends. “But also, the refineries are up for maintenance”. The cheapest gas, as of this morning, is $1.95 at Shell at Main and Stewart streets.
You can track gas prices in your community by downloading the WHIO app and clicking on Pump Patrol.
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Crude oil prices continue to swing on expectations of supply and demand, and prices closed out the week responding to ongoing conversations about potential production cuts and freezes, and forecasts of demand growth, AAA reports.
