Area Gas Prices Remain At $3.64

As 2013 comes to an end, Jamestown area gas prices increased just a fraction of a cent to $3.64 a gallon this week, according to AAA East Central.

Tuesday’s national average price at the pump is $3.32 per gallon, which is the highest price on record for New Year’s Eve. This is the fourth consecutive year of record-breaking prices heading into the New Year. Tuesday’s price is 6 cents more expensive than one week ago, 5 cents more than one month ago and 3 cents more than the same date last year.

Motorists in every state are paying more at the pump than one week ago, and motorists in four states (Indiana, Michigan, Minnesota and Ohio) have experienced more than 20-cent jumps during the past two weeks. These increases have been keyed by refinery issues in that region.

Higher crude oil prices have also supported rising retail gas prices for motorists. Last Friday, West Texas Intermediate crude oil prices climbed back into triple digits for the first time since October. The return above $100 proved to be temporary, as WTI closed at $99.29 per barrel on Monday.