Gas prices continue steady rise

Published 1:47 pm Tuesday, March 12, 2024

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Average gasoline prices in Alabama have risen 3.6 cents per gallon in the last week, averaging $3.06 per gallon as of Sunday, according to GasBuddy’s survey of 3,348 stations in Alabama. Prices in Alabama are 16.9 cents per gallon higher than a month ago and stand 4.8 cents per gallon lower than a year ago. The national average price of diesel has fallen 1.3 cents in the last week and stands at $4.02 per gallon.
According to GasBuddy price reports, the cheapest station in Alabama was priced at $2.73 per gallon as of Sunday while the most expensive was $3.58 per gallon a difference of 85.0 cents per gallon.
The national average price of gasoline has risen 6.2 cents per gallon in the last week, averaging $3.40 per gallon as of Sunday. The national average is up 23.0 cents per gallon from a month ago and stands 4.5 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.
“The national average price of gasoline has seen a continued but measured rise compared to last week, but the pace of increases has slowed slightly in the last few days. With government data showing a rise in refinery utilization last week, there may be some good news on the horizon for drivers,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Much of the seasonal rise that happens this time of year is a culmination of refinery maintenance, the switch to summer gasoline, and rising demand. If refineries continue to boost output of products like gasoline, diesel, and jet fuel, it could mean earlier-than-expected relief. However, the changeover is still in process, so while we’ll likely see the continuation of upward pressure on prices, improvement in output could slow that pressure down some.”