Gas prices inch up

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Average retail gasoline prices in Tacoma have risen 4.2 cents per gallon in the past week, averaging $3.29 per gallon, according to GasBuddy’s daily survey of 271 gas outlets in Tacoma. This compares with the national average that has increased 4.3 cents per gallon in the last week to $2.81 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Tacoma during the past week, prices were 38.8 cents per gallon higher than the same day one year ago and are 8.4 cents per gallon higher than a month ago. The national average has increased 15.2 cents per gallon during the last month and stands 42.9 cents per gallon higher than this day one year ago.

“The national average is now at its highest point since November 2014 with average gas prices advancing in nearly every state,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The only good news for motorists? We’re nearing a turning point in the U.S.- gas prices are perhaps just a dime away from hitting a peak for the short-term, pending OPEC’s meeting in June. With refineries well positioned for the summer months, we look for some relief by mid-June, but do expect this summer to remain one of the priciest in the last few as average prices climb close to the psychological $3 per gallon barrier.”

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