Gas Prices Still Expected to Peak in April

February 13, 2013

Snow storms in the Northeast and better than expected growth in China have kept upward pressure on fuel prices.

In addition, the ongoing switch to the summer blend fuel and refinery maintenance pushed oil and gas prices higher in the past few weeks.

As a result, gas prices are expected to increase into April.

AAA’s Manager of Regulatory Affairs Avery Ash says that for once, international incidents aren’t to blame for the higher prices.

“Unlike recent years, Libya in 2011 and Iran in 2012, major geo political tensions have not been a factor in the price increases”, said Ash.

Last year gas prices peaked in April, then headed on a downward trend through the summer months.

Ash expects a similar trend, but with lower gas prices overall, barring any unforeseen events that have a major impact on fuel supplies.

“AAA expects that the increases to the national average will slow as temporary production concerns are addressed”, explained Ash. “Based on this expectation the national average is expected to peak at a lower price compared to 2011 and 2012.”

The national average price of regular unleaded gasoline is $3.58, 7 cents more than last week. Georgia’s average of $3.47 rose 2 cents, respectively.