With the summer driving season just ahead, gas prices are starting to rise higher this week, and are close to what they were at this time last year.
The Energy Information Administration’s latest weekly report showed gasoline inventories dropped by 1.1 million barrels. Demand for gasoline remains robust at 9.2 million barrels per day.
“Gas prices are only a penny away from topping the $2.67 high of 2017,” said Jeanette Casselano, AAA spokeswoman. A year ago, the average price of gasoline across the nation was $2.39 per gallon.
Read the article at The Detroit Bureau.