Motorists have probably noticed a recent rise at the pumps, and experts say the upward climb could continue into April.
Gasoline prices are 13 cents higher than at this time last year.
Click here to view an interactive map of gas prices in the Savannah-Chatham metro area.
“Although there are a few factors that could cause oil prices to stabilize this week, it’s likely gas prices will increase,” said Jessica Brady, a AAA spokeswoman. “So far, market trends and price fluctuations at the pump have been similar to 2011 and 2012, leading analysts to believe prices will peak in April before they retreat.”
According to a news release from AAA, experts said pump prices always climb this time of year as a result of the switch to summer fuel blends and refinery maintenance, but several factors are causing a more dramatic increase. The severe snowstorm in the Northeast, continued concerns over Iran’s nuclear efforts and the economic news have contributed to the increase in price.
A barrel of oil closed Friday at $95.86 on the New York Mercantile Exchange – 14 cents higher than the previous week.
The national average price of regular unleaded is $3.71, 13 cents more than last week. Georgia’s average of $3.64 is a 17-cent increase.