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Gas Prices Climb To Highest Price Since October

Prices continue to rise due to market expectations of tighter availability following the announcement of an OPEC deal to cut oil production that is scheduled to start in January 2017.

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gas1222-gas-pump-price-2National pump prices have risen for 20 of the past 21 days, rising a total of 11 cents during this time span, according to AAA. The national average price for regular unleaded gasoline sits at $2.24 per gallon, which is the highest mark since October. Today’s average is three cents more than one week ago, nine cents more compared to one month ago and 24 cents more than the same date last year. Prices continue to rise due to market expectations of tighter availability following the announcement of an OPEC deal to cut oil production that is scheduled to start in January 2017.

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Quick Stats

The nation’s top five least expensive markets are: Arkansas ($2.02), Oklahoma ($2.02), South Carolina ($2.03), Missouri ($2.04) and Texas ($2.05).

The nation’s top five most expensive markets are: Hawaii ($2.95), California ($2.67), Alaska ($2.62), Washington ($2.59) and the District of Columbia ($2.54).

For more specific information by region, click here.

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