Gas prices are back on the rise

Gas prices are back on the rise

POSTED: Monday, August 13, 2012 - 1:00pm

UPDATED: Monday, August 13, 2012 - 1:04pm

Faster than they dropped, gas prices are back on the rise.

The average retail gas prices in Baton Rouge has risen 4.8 cents per gallon in the past week, averaging $3.52/g yesterday. This compares with the national average that has increased 5.4 cents per gallon in the last week to $3.67/g, according to gasoline price website BatonRougeGasPrices.com.

Including the change in gas prices in Baton Rouge during the past week, prices yesterday were 5.5 cents per gallon higher than the same day one year ago and are 33.6 cents per gallon higher than a month ago. The national average has increased 24.8 cents per gallon during the last month and stands 5.7 cents per gallon higher than this day one year ago.

"The national average has spiked 25-cents per gallon just in the last month, thanks to an onslaught of refinery problems- mainly in the Great Lakes and California," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While these situations are temporary in nature, it goes to show this nations dependence on domestic refineries. While oil prices have gained in recent days, there is some light at the end of the tunnel for motorists: driving season will be over in less than a month and soon thereafter the EPA also relaxes gasoline mandates, meaning cheaper winter fuel," DeHaan said.

We want to know what you think about the rising gas prices. Tell us your thoughts on the NBC33 Facebook page.
 

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