Gas prices take a turn up

Published 6:00 pm Tuesday, January 30, 2024

Average gasoline prices in Alabama have risen 2.9 cents per gallon in the last week, averaging $2.80 per gallon as of Sunday, according to GasBuddy’s survey of 3,348 stations in Alabama. Prices in Alabama are 0.7 cents per gallon higher than a month ago and stand 48.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 0.5 cents in the last week and stands at $3.87 per gallon.
According to GasBuddy price reports, the cheapest station in Alabama was priced at $2.56 per gallon on Sunday while the most expensive was $3.70 oer gallon, a difference of $1.14 per gallon.
In the Brewton/East Brewton area, average price was standing at $2.77 per gallon as of Monday.
The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $3.07 per gallon. The national average is down 4.1 cents per gallon from a month ago and stands 41.2 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“We’ve seen the national average price of gasoline bounce back up after cold weather related refinery shutdowns pushed up the wholesale price of gasoline. Plus, recent GDP data and new attacks in the Red Sea have pushed oil prices to their highest level since November,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While prices have inched up and may continue to slowly rise, I believe the larger increases will be witnessed in a few weeks as we enter mid-February, lasting through April or May, during which the national average could rise 35 to 85 cents per gallon. Other issues and tensions could complicate how quickly prices rise or how high they go, so while the rise is not completely charted, it could deviate from our expectations.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.