Will pause in upward spiral of gas prices continue?

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A year ago at this time, the average price was $2.29 a gallon.

Monday's average prices for South Central Ohio was $2.645.

About half the pump price of gas is determined by the price of oil.

US petroleum inventories rose last week, with crude oil stockpiles up by 6.2 million barrels and gasoline inventories up by 1.2 million barrels.

President's Trump plan to withdraw from Iran could impact the prices at the pump this summer, according to AAA experts.

That surge has stoked fears that gas prices during the peak driving season may flirt with Canada's all-time average high of $1.42 (Canadian) set in late 2008, when crude prices reached more than $147 (U.S.) per barrel.

The average price of a gallon of gas in the county was $3.72 on Sunday, according to gas prices tracker GasBuddy.com (averages for Monday were not yet available).

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Gas prices in Grand Rapids is down to $2.84/g, which is a 12 cent decrease from last week.

Up until now, geopolitical risk hasn't been behind the rise in gas prices, just tightening fundamentals led by strong demand and disciplined OPEC producers. At 62 million barrels total, mid-Atlantic and Northeast inventories are at their highest levels in almost two months.

Statewide the average price is $2.81, which is up 2 cents from last week.

Today's national gas price average is $2.81, which is the same as last week, up 15 cents in the last month and 46 cents higher than this time a year ago.

In the Worcester area, a gallon of regular averages $2.80, up from $2.59 a gallon last month and $2.32 a year ago.

WTI crude oil for June delivery traded up about 1.2% in the early afternoon Monday to $70.54, while Brent for July delivery traded at $76.07. Until a decision is made, the oil market remains restless, inching toward a $70 per barrel threshold, which hasn't been breached since November 26, 2104, the auto club said.

Ohioans could be paying more money at the pump as we get closer to the summer months.

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