West U Gasoline Prices Continue Blistering Upward Trend

March 27, 2012

Gasoline prices in West U jumped by more than a nickel again last week.

As of yesterday, the average retail price for a gallon of unleaded regular was $3.84 per gallon, up 5.7 cents from the week before.

This compares with the national average that increased 4.5 cents in the last week to $3.86 per gallon, according to gasoline price website HoustonGasPrices.com.

Senior petroleum analyst Patrick DeHaan called the spike “a troublesome sign” given the time of year.

“The national average has risen 21 consecutive days, according to our data, a troubling sign. Typically we expect such increases to occur more so in April,” DeHaan said. “We’re 31cents per gallon ahead of our year ago pace, and I’m seriously contemplating revising my January forecasts upward having seen things race higher, faster than expected. If there’s any ounce of good news for motorists, it’s that such high prices so quickly may mean prices will peak in April rather than May.”

Including the change in gas prices in West U during the past week, prices yesterday were 37.0 cents per gallon higher than the same day one year ago and are 30.1 cents per gallon higher than a month ago.

The national average has increased 21.9 cents per gallon during the last month and stands 29.5 cents per gallon higher than this day one year ago.

InstantNewsWestu Staff

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