Gas Prices March Higher with the Arrival of Spring

Banking & Financial Services
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Marshall L. Doney President and CEO | AAA, FL

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WASHINGTON, D.C. (March 21, 2024)—The national average for a gallon of gas rose 11 cents since last week to $3.52. While domestic gas demand has been lackluster, rising oil prices helped push pump prices higher. The Midwest may see a bit of a price reprieve, as the large BP Whiting refinery in Indiana is back up and running after being down since February 1st.

"Gas prices are a lot like seasonal temperatures. They start to rise with the arrival of spring," said Andrew Gross, AAA spokesperson. "And the national average for gas is now higher than a year ago, which we have not seen since late December."

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