April gas prices reach highest mark in almost four years

Case of the Mondays’ isn’t a thing at the pump Turns out it’s the best day of the week to buy gas

Case of the Mondays’ isn’t a thing at the pump Turns out it’s the best day of the week to buy gas

Gas prices are getting pumped up to their highest level in years. According to the Oil Price Information Service, the average gas price in the United States is now $2.81 per gallon, up from $2.39 a gallon a year ago.

Some Mercer County drivers may be crossing the state line to take advantage of gas prices in Trumbull County, which according to Triple A, the average price of $2.57 is the lowest in the state of Ohio. Among eastern states, only Pennsylvania has an average price that high.

Gasoline prices continued to surge across the country as more and more motorists face the prospect of paying $3 per gallon plus for gasoline for the first time in four years.

The lowest prices in the state were reported at $2.35 and Columbus and $2.37 at Newton.

Compare that to the national average of $2.81/gallon, which is up more than 15 cents over the past month.

"What's going on is absolute cut-throat competition, all of those gas stations knew it was costing them a dollar twenty-six to buy their fuel if they want to dump it at a dollar twenty-three that's fine but understand when you need to come up for air you can't sell at a dollar twenty-three when the cost to replace it is much higher".

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ICE says three of the individuals had been deported from the U.S.in the past. That worker was later arrested and is still being detained .

Gas prices fluctuated between 2008 and 2014 because of a mixture of the Great Recession and global development.

The agency said that for all of 2018, the agency expects that the national retail price for all grades of gasoline will average Dollars 2.76 a gallon.

According to the AAA, in November 2014, pump prices averaged $3.34, peaking at $3.70 in April and bottoming out at $2.25 in December. Every state on the West Coast, as well as Alaska, Hawaii, Idaho, Nevada and Utah, have an average price of over $3 a gallon.

"We're seeing a higher price environment. but I don't think we're going to look at really apocalyptic numbers", he said. Across the USA, 16 percent of gas stations are now charging more than $3 per gallon. Despite U.S. oil production rates at 14 percent better than a year ago, inventory levels were down 10 percent.

What's Behind Current High Prices?

These impacts on the oil market, as well as Venezuela's significantly lowered output, have caused prices to rise globally. Businesses can only absorb the high prices for a short time.

Information for this article was contributed by Jessica Summers of Bloomberg News.

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