Gas prices soaring in Region during the last month

The national average for a gallon of gas is up 25.9 cents compared to a year ago and 12 cents per gallon over the last month.

AAA Oklahoma spokeswoman Leslie Gamble said her organization agrees that spring and summer prices likely will be higher than in recent years, but she said Oklahoma prices are unlikely to top the 2015 summer average of $2.65 a gallon.

Kern County prices ranged between $3.551 and $3.479 per gallon, according to AAA.

Sunday's average was a half-cent more than last week, 13 cents more than a month ago and 28 cents more than previous year.

The U.S. Energy Information Administration forecast a almost 14% year-over-year rise in summer gasoline prices on the back of expectations for higher crude oil prices, according to a report released Tuesday. That level would be the highest average price since $3.66 a gallon in the summer of 2014. GasBuddy said it's the highest average gas price in IN since an unexpected outage at the BP Whiting Refinery in August 2015.

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Another factor raising prices is last year's decision by Saudi Arabia to reduce the amount of oil that it exports to the U.S. Currently, the U.S.is importing 14 percent less oil from Saudi Arabia.

By the time the summer arrives, DeHaan said, refineries are running at near capacity and "there's a lot of downward pressure on prices".

To say that retail gasoline prices have been volatile this year may be stating the obvious. Of the major metropolitan areas surveyed in Texas, drivers in Midland are paying the most on average at $2.69 while drivers in San Antonio are paying the least at $2.32 per gallon. The last record high occurred in October 2017.Domestic crude oil production broke a new record this week, with production in the lower 48 states topping 10 million barrels per day.

"You have to put today's moves in the context of the last three days".

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