B.R. gas prices up, yet below national average nearing $4 per gallon
The average gas price in Baton Rouge has risen about 3 cents per gallon over the past week to $3.79 as of this morning, according to GasBuddy.com. The weekly rise locally was about double that seen on average across the United States, which posted a 1.4-cent increase. As of this morning, the U.S. average for a gallon of regular unleaded gas is $3.93, a record for this time of year, and analysts suspect the average will top $4 per gallon as early as this week. Since 2000, pump prices have risen every year between early February and late May. The annual increase has boosted prices by 27% on average, according to the National Association of Convenience Stores. This year, prices have risen 14%, or 48 cents per gallon, since Feb. 1. Baton Rouge usually stays slightly below the national average; the metro average is a few pennies under the $3.82 per gallon average across Louisiana. However, as in the past week, local prices at the pump have increased more over the past year than those of the nation at large. Nationally, prices have risen 17.2 cents per gallon on the year, while Baton Rouge prices have risen 20 cents, according to the GasBuddy website. Gas prices traditionally rise this time of year because refineries reduce output to repair equipment and start making a cleaner, more expensive blend of gasoline for summer. However, the increase has been larger this year due to a number of circumstances, including shutdown refineries and continued instability abroad. Check out the full story from The Associated Press here.
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