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Streak in gas price hikes ends at 27 days

Gasoline prices have finally dropped after 27 days. The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon today. That ended a streak of price hikes that began on Feb. 8.

Pump prices rose by more than 28 cents per gallon in that period, making gasoline the most expensive ever for this time of year, the Associated Press reports.

Gasoline already tops $4 per gallon in California, Alaska and Hawaii. It’s near the $4 mark in several other states, including Connecticut, Illinois, Michigan, New York, Oregon and parts of Washington.

Despite the one-day drop, experts predict that gasoline will continue to rise over the next several weeks. The Oil Price Information Service predicts the nationwide average could peak at $4.25 per gallon in late April.




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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.






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