Retail fuel prices have never increased so quickly on a percentage basis over a three-week period, according to the Department of Energy.
The national average price of gasoline has jumped nearly 40 cents for the week of March 15, 2021, following last month’s winter storm in Texas.
This week's national average is nearly 40 cents more expensive compared to a year ago, which was right before state lockdowns started.
The increase represents a 30 cent increase from the beginning of February, and is 28 cents more than a year ago, AAA said.
The average national price for gasoline is at $2.51 according to Feb. 16, 2021 data, which is up five cents from the previous week and will soon be more expensive than the highest price of 2020 despite low demand.
This past Saturday, Feb. 6, 2021 was the first time in 340 days the national average was more expensive than a year ago, according to AAA.
The average continued to climb this past week despite a drop in gasoline demand and refinery utilization.
The national average price for gasoline is a nickel more than last week, but is still cheaper year-over-year by 17 cents.
The average national price for gasoline is 16 cents more than a month ago, but still cheaper than last year by 27 cents.
While the national gas price average is nine cents more than last month, January gas prices are already 33 cents cheaper than this time last year.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
