US national gas price average was unchanged at US$3.15 in week ended Feb. 8 and was 8 cents higher month-over-month; gas demand rose to 8.81 million b/d from 8.14 million b/d last week, total domestic gasoline stocks decreased by 3.1 million bbl: AAA

WASHINGTON , February 12, 2024 (press release) –

Sticking to the slow lane since last week, the national average for a gallon of gas dipped slightly for a few days before rising a fraction of a cent higher to $3.15. However, seasonal demand trends, higher costs for oil, and routine refinery maintenance will likely push pump prices slowly higher soon.

“It feels like being in a car with a cold battery, cranking away yet slow to turn over,” said Andrew Gross, AAA spokesperson. “But gas prices will likely start increasing around Valentine’s Day.”

For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/roses-are-red-violets-are-blue-oil-costs-tick-up-and-gas-prices-too/

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