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Gasoline prices continue to rise in Rochester area

Rochester Business Journal
April 30, 2014

Rochester drivers continue to pay more at the pump than their counterparts around the country, a weekly survey by GasBuddy shows.

Locally, gasoline prices have risen 10 cents a gallon since the beginning of April, from $3.73 a gallon on April 7 to $3.83 a gallon on April 28. That compares with the national average of $3.55 a gallon on April 7 and 3.65 a gallon on April 28.

“While the national average has risen for the 12th straight week, it is likely nearing a peak,” GasBuddy senior petroleum analyst Patrick DeHaan said.

Gas prices locally are roughly 13 cents higher a gallon than a year ago, GasBuddy reports.

DeHaan noted that as oil refineries conclude seasonal maintenance and the switchover to summer gasoline is nearing completion price increases likely will taper off. He added that oil inventories are at their highest level, as reported by the Energy Information Administration, which should help lower oil prices in coming weeks.

Separately, data from EIA shows that the average price of regular gas in conventional areas was $3.83 a gallon on April 28. That compares with $3.67 a gallon a year ago and $4.04 a gallon in the same week 2012. A conventional area is any area that does not require the sale of reformulated gasoline.

GasBuddy operates more than 250 websites tracking gas prices at more than 140,000 stations nationwide, including RochesterGasPrices.com. In Rochester, GasBuddy tracks price changes at more than 300 retail outlets.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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