Fuel prices rise ahead of Thanksgiving holiday

a a a a
Share this story

CINCINNATI -- After nine weeks of falling gas prices, the average U.S. price of a gallon of gasoline is up 3 cents over the past two weeks.

>Click here for the latest gas prices in your community

The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.25. Midgrade costs an average of $3.44 a gallon, and premium is $3.59.

Industry analyst Trilby Lundberg said it's the first price hike since Sept. 6.

According to GasBuddy.com, average gas prices in Cincinnati have risen 12.6 cents per gallon in the past week.

The average price for unleaded was $3.24 per gallon on Sunday.

However, prices were 29.4 cents lower than they were one year ago, and 3.3 cents lower per gallon than a month ago.

"The national average has seen its bounce continue in the last week across most of the nation," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Some of the lows we saw just a couple weeks ago have vanished, replaced by higher digits as oil prices rallied. It will be an interesting week ahead as some notable progress emerged after developed countries came to a partial solution on Iran's nuclear ambitions. Just that action alone may result in significant downward pressure on oil prices as tough sanctions may soon be eased, allowing Iran's oil to flood an already well-supplied marketplace.”

However, there are still some deals to be had. WCPO found gas for $2.98 per gallon at a station near I-75 and Galbraith Road.

Drivers are urged to fuel up while they can as the Tri-State enters the deep freeze.

The American Automobile Association said drivers should keep their gas tank at least half-full to avoid a gas line freeze up. You should also avoid using your parking brake in the cold weather.

Copyright 2013 Scripps Media, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Print this article

Comments

Hmm... It looks like you’re not a WCPO Insider. or Subscribe now to contribute!