National, Maine gas prices continue to climb
In the past week, the average price of a gallon of regular gasoline in the state rose by roughly seven cents.
During that same period, the average national price for a gallon of gas rose to $2.26, according to the popular price tracking website GasBuddy.
The $2.29 statewide average reported on Tuesday is still approximately 31 cents lower than one year ago and is higher than both New Hampshire's $2.18 average price per gallon and Vermont's average price of $2.27 per gallon.
“Gasoline and oil prices have set new yearly highs as the imbalance of supply and demand may begin to shift as global oil production shows signs of slowing and gasoline demand is accelerating,” said Patrick DeHaan, a Chicago-based senior petroleum analyst for GasBuddy. “While oil inventories in the United States remain well supplied for now, they are likely to start receding as refiners begin throttling up their operations after maintenance season.”
He added that. Americans appear ripe to consume near record levels of gasoline, if not the highest levels ever, this summer with some of the lowest summer prices seen in 10 years or so.”
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