Thursday, May 23, 2013 | 5:58 a.m.
Hi, (not you?) | Member Center | Sign Out
Updated: 1:37 p.m. Friday, Feb. 15, 2013 | Posted: 1:20 p.m. Friday, Feb. 15, 2013
comment(2)
By Staff
DAYTON —
Gas prices in Southwest Ohio rose again Friday, continuing their march toward $4 per gallon.
At least a dozen stations throughout the area increased the price of regular-grade gas to $3.85 a gallon, up 20 cents or more from earlier in the day.
One station was charging $3.89 a gallon, according to DaytonGasPrices.com, a website that uses spotters to track area gas prices. Other stations were charging as little as $3.39 a gallon.
The spike rose the average price in the Dayton area to $3.78 a gallon 6:30 p.m., up 7 cents from Thursday and 61 cents from a month ago, according to the website.
Similar prices could be found in the Springfield and Butler County.
The high in Springfield was $3.89 and most of the stations were charging more than $3.80.
Prices were lower in the Hamilton area, with 10 stations charging $3.85 and 15 selling gas at $3.75 or less. It was the same in the Middletown area, with 11 stations charging $3.85 and 10 were at $3.75 or less.
The government on Tuesday boosted its forecast for gasoline prices this year by 11 cents to an average of $3.55 a gallon. That would be the second-highest annual average ever, behind last year’s $3.63 a gallon.
In its monthly Short-Term Energy Outlook, the EIA primarily pins the increase on higher oil prices. Brent crude, the benchmark for many international varieties of oil imported to the U.S., rose from $109 a barrel in mid-December to about $119 in early February. That $10 increase equates to about 24 cents per gallon of gas, the EIA says. U.S. benchmark crude rose $8 a barrel, to nearly $96 in the same time frame.
According to analysts at GasBuddy.com, which produces the GasPrices.com websites, said Friday: “It’s getting just plain ugly out there, folks.”
The GasBuddy blog says “Chicago and NYC are the next major U.S. cities poised to breach the ugly $4/gal barrier, and likely won’t be the last, either.”
The average in New York City is $3.99 per gallon, and in Chicago it’s $3.92. The price is expected to tip over $4 per gallon in the next day or two, the blog said.
The reason is not obvious, analysts said, by refinery maintenance season is likely paying a role.
“On the flip side, gasoline inventories remain near their year ago levels and oil inventories continue to be extremely healthy, standing 10 percent higher than a year ago,” the blog said.
comment(2)
Advertisers & Sponsors |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.

You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}