Gas prices are up 7 cents
Susquehanna Valley gas prices rose seven cents to $3.59 a gallon this week, according to AAA East Central.
On the national front
Tuesday's national average price at the pump is $3.31 per gallon. This is a fraction of a penny less than one week ago, five cents more than one month ago and two cents more than the same date last year.
As of Monday, pump prices in every state and Washington, D.C., were higher than two weeks ago. Recent refinery issues, particularly in the Midwest, had pressured prices higher, but states have begun to see declines as refineries resolve issues and produce more gasoline. The largest one-week declines in the nation have been in Indiana (-8 cents), Michigan (-10 cents) and Ohio (-10 cents).
West Texas Intermediate (WTI) crude oil prices have settled below $100 per barrel each trading day since Dec. 27. This sharp decline to end 2013 and begin 2014 has been attributed to a stronger U.S. dollar, the return to the global market of Libyan crude and continued concerns surrounding weak domestic demand for gasoline. The decline continued Monday as WTI prices settled at $93.43 per barrel.
(AAA East Central - a not-for-profit association with 82 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.7 million members - provides Fuel Gauge each week.)