Gas prices continue to rise locally | News, Sports, Jobs

Gasoline prices jumped 20 cents at select locations in Chautauqua County on Monday, hitting $4.40 for a gallon of regular unleaded gasoline, including taxes.

Just last week, the average price of a gallon of gas in the Jamestown area was $3.75, according to AAA East’s Gas Report. Additionally, gasoline was around $2.84 per gallon the week of March 8, 2021.

Locally, prices broke above the $4 mark last Thursday. Part of the increase is due to the Russian invasion of Ukraine.

AAA said the national average for a gallon of gasoline was $4.06, a “staggering” 45 cents more than a week ago, 62 cents more than a month ago and $1.30 more than a year ago.

The national average had not been this high since July 2008.

“Increased gas demand and a reduction in total supply are contributing to higher prices at the pump,” AAA said in a press release Monday. “But rising oil prices are playing a major role in driving up gasoline prices. Consumers can expect the current pump trend to continue as long as crude prices rise.

Today’s breaking news and more to your inbox

Source link

About Bob C. Zoller

Check Also

Upcoming Motor Racing at a Glance | News, Sports, Jobs

Todd Gilliland celebrates after winning the NASCAR Truck Series auto race …