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News Link • Economy - Economics USA

U.S. Midwest paying top dollar for gas

• upi.com
 

Fuel price monitoring website gasbuddy.com reports the average price for a gallon of regular unleaded gasoline in Michigan was $3.68. Motor group AAA reports a state average Friday of $3.62, compared with a national average of $3.46. For Ohio commuters, AAA reports the average at $3.54.

Patrick DeHaan, lead analyst at gasbuddy, told Michigan Public Radio the gas spike was seasonally "unprecedented."

DeHaan said regional markets were reacting to higher crude oil prices. Bloomberg News last week said West Texas Intermediate crude oil was on a run not seen since 2009. Brent crude oil prices for March delivery were up 0.27 percent, meanwhile, at $115.86.

DeHaan added that a fire at a Toledo, Ohio, refinery was adding to regional strains.

Cindy Antrican, an AAA representative for Ohio, told the Springfield (Ohio) News-Sun the region is "riding the roller coaster" in terms of gasoline prices.


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