Back to Blog

Gas Prices Rising in 2021

Posted on 01-22-2021

The last time America has seen a big jump in gas prices in the month of January was 2009 where the price jumped 23 cents.  This January has seen a jump of 13 cents.  So what's causing this price increase at the pumps?

Crude oil prices are increasing, although gasoline demand remains relatively low.  We have seen an increase of $53 per barrel in the past week and is expected to continue to increase.  Some suggest the demand has risen as COVID-19 restrictions and lockdowns have lifted bringing more drivers back on the roads.  Also, President Biden's reversal of the XL oil pipeline will likely cause additional increase to crude oil

The nation's top 10 least expensive markets include Mississippi ($2.08), Missouri ($2.10), Louisiana ($2.10), Oklahoma ($2.10), Texas ($2.12), Arkansas ($2.15), South Carolina ($2.16), Alabama ($2.17),  and Kansas ($2.18).

Keep up to date with prices by following AAA on Facebook and Twitter.



Did You Know?

Natural gas was formed deep under the earth about 100 million years ago.

As an independent third party we represent the best interests of our client and not the interests of any one supplier.