Local gas prices seen rising earlier than usual

Perhaps you’ve already seen today’s new numbers from AAA and this explanation of rising gas prices at the global level. Here’s some further perspective from our inbox:


From: gasnews@gasbuddymail.com[SMTP:GASNEWS@GASBUDDYMAIL.COM]

Sent: Monday, March 26, 2012 2:56:43 AM

Subject: Seattle Weekly Gas Price Update and Outlook

Seattle, March 26- Average retail gasoline prices in Seattle have risen 5.2 cents per gallon in the past week, averaging $4.12/g yesterday. This compares with the national average that has increased 4.5 cents per gallon in the last week to $3.86/g, according to gasoline price website SeattleGasPrices.com.

Including the change in gas prices in Seattle during the past week, prices yesterday were 34.4 cents per gallon higher than the same day one year ago and are 17.7 cents per gallon higher than a month ago. The national average has increased 21.9 cents per gallon during the last month and stands 29.5 cents per gallon higher than this day one year ago.

“The national average has risen twenty one consecutive days, according to our data, a troubling sign. Typically we expect such increases to occur more so in April,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “We’re 31-cents per gallon ahead of our year ago pace, and I’m seriously contemplating revising my January forecasts upward having seen things race higher, faster than expected. If there’s any ounce of good news for motorists, its that such high prices so quickly may mean prices will peak in April rather than May,” DeHaan said.

About SeattleGasPrices.com

GasBuddy operates SeattleGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.

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