Average gas prices are 30 cents more than previous year


Both of those averages are about 20 cents higher than at the same time a year ago.

Knoxville- $2.49, up 7.8 cents per gallon from last week's $2.41.

As recently as April 9, GasBuddy senior petroleum analyst Patrick DeHaan said: "As markets have seen concern rise of a possible trade war between the USA and China, oil prices have been hit hard, leading gas prices to dramatically slow their recent ascent".

The national average price for gasoline is the highest in more than two years, AAA said. All regions saw gasoline inventories decline, however, with the exception of the East Coast, which saw a large 3 million barrel rise.

Looking state-by-state, the largest weekly changes in average gas prices were seen in: MI (+12 cents), Utah (+9 cents), Idaho (+8 cents), Nebraska (+8 cents), Georgia (+7 cents), IL (+7 cents), West Virginia (+7 cents), Missouri (+7 cents), Texas (+7 cents) and Tennessee (+7 cents).

The price of gas has been increasing since February.

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Gas Buddy historical data reveals that Long Island gas prices since 2008 have fluctuated greatly over the past 10 years, with a recorded high of $4.33 per gallon in 2008 and recorded low of $1.79 back in 2009.

His opinion about prices not having much higher to rise is backed up by information the Energy Information Administration released last week that predicted gas prices will average $2.74 a gallon nationally this summer.

The nationwide average was $2.71 a gallon, up 18 cents from last month.

"Demand for gasoline this March was very strong, closer to the demand AAA typically sees during the summer", Michael Blasky, AAA Northern California, said earlier this month.

Patrick DeHaan, head of petroleum analysis for gas price comparison site GasBuddy.com, said that's the highest national average price since July 2015. "With the transition to summer gasoline also wrapping up, the reasons for gas prices to rise will shrink". However, we're likely in the closing innings of the seasonal rise.