Increase in gas prices may fade in a few weeks

BOSTON — New Hampshire gas prices have risen 0.3 cents per gallon in the past week, averaging $2.60 per gallon today, according to GasBuddy’s daily survey of 875 stations. Gas prices in New Hampshire are 2.4 cents per gallon lower than a month ago, yet stand 19.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in New Hampshire is priced at $2.39 per gallon today while the most expensive is $2.89 per gallon, a difference of 50.0 cents per gallon. The lowest price in the state today is $2.39 per gallon while the highest is $2.89 per gallon, a difference of 50.0 cents per gallon. The cheapest price in the entire country today stands at $2.06 per gallon while the most expensive is $5.09 per gallon, a difference of $3.03 per gallon.

The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $2.75 per gallon today. The national average is down 0.3 cents per gallon from a month ago, yet stands 10.9 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices: Burlington- $2.70 per gallon, down 2.4 cents per gallon from last week’s $2.73 per gallon. Boston- $2.77 per gallon, up 0.4 cents per gallon from last week’s $2.76 per gallon. Vermont- $2.69 per gallon, up 1.3 cents per gallon from last week’s $2.67 per gallon.

“For the second straight week, the national average price of gasoline has moved higher, following energy market moves from the last few weeks as Iran remains a concern pushing oil higher as well as OPEC extending producing cuts and recent drawdowns in U.S. oil inventories,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Nearly all motorists have seen the rise with an exception in some areas of the West Coast. Look for another week of gradual increases in gasoline prices, but without a another round of clearly defined upside in oil prices, we may see this current upward trend begin to slowly fade away in the next few weeks.”