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Everyday oil prices fluctuate, sometimes more than the overall market itself. Oil had a bit of a rally just after New Year’s with the “good” outlook and the fighting in the Middle East, but now it has dropped below $40 a barrel again, settling today around $36.

So, why have gas prices steadily risen for the last few weeks. When oil was at $35 a barrel right before Christmas I was paying $1.49 a gallon, now I’m paying $1.79…with prices just updating in the last day or two.

Even the average gas price is rising, so it’s not just local. However, my area is typically (being in Mississippi) lower than the average by about $0.10, but now is only lower by $0.01.

Jeremy

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