Hey, Gas Prices Ticking Up — Unexpectedly?

The miserable jobs numbers in June and recent GDP report this month aren’t the only bad news for the U.S. and for the Obama Campaign.  Gas prices are creeping back up. Again.

 

Prices are lower in most states than they were a year ago, but given that the average state is hovering around the $3.54 mark right now according to EIA, that is not much of a consolation. Right now, Hawaii is topping the chart for regular at $4.148 with NY at $3.676 and CA $3.802. The lowest prices out there are in mainly Southern and Southeastern states. South Carolina was cheapest at $3.202. Other states with under national average prices were  Louisiana runs $3.327, Mississippi at $3.321 and New Mexico at $3.292.

The AAA report has the current average at $3.500 for regular. That’s up from $3.486 a day ago and $3.477 a week ago. One month ago, the rate was $3.330.  Seventeen cents increase in one month. Ouch.

 

Where I live in NC, I have watched the prices tick up a few cents every 4 or so days. Our state average for regular now stands at $3.40, rounded.  It’s $3.55 now around the corner from me. For perspective, here is a shot I snapped of the posted price at the same station around the corner back in on April 6th, 2012:

 

 

 

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  • 914

    It’s 3.74 here again. Was 3.45 at it’s lowest. Drill baby drill after this idiot is out of office..

  • GarandFan

    When this happened under Bush, it was because Bush was ‘an oil man’. Never took Barry to be ‘an oil man’. Go figure.

  • http://opinion.ak4mc.us/ Scribe of Slog (McGehee)

    Here just SW of metro Atlanta I think they’ve subsided just a touch the last few days.

  • Hank_M

    Where oh where is Barry Obama when we need him.

    In 2007, when the average national price ranged from $2.17 to $3.22,
    then-Sen. Barack Obama, D-Ill., demanded that the Federal Trade Commission
    investigate Big Oil for “price manipulation.”

    In 2008, presidential candidate
    Obama urged the Justice Department “to open an investigation into whether energy
    traders have been engaged in illegal activities that have helped drive up the
    price of oil and food.”

    • 914

      Do as Barry says! Not as Barry does!

  • retired.military

    I think that the big oil companies are raising prices so they can drop them right before the election to get Obama reelected.

    /snarc

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  • plusaf

    Um, summer driving vacation season demand? State and local taxes comprising a large fraction of the pump price? World-wide demand increasing as more of the hundreds of millions in China and India want the “good life,” including a car or motorbike they never could afford before?
    Do you have ANY idea how many different forces drive the cost of “gasoline”?
    And hey, Hawaii… there ARE some shipping costs involved in getting that juice to your islands… you’re not exactly a short drive from the oil fields of the Mainland Midwest and Rockies, let alone Texas.
    Oh, and San Fran? A different planet of taxes, regulations and other junk… nah, that doesn’t have any bearing on prices, right… it shouldn’t, right? D’oh!

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