(January 10, 2017) The national average price of gas continues to increase, reaching today’s average of $2.37 per gallon, the most expensive average since June 2016.  Gas prices have moved higher by three cents per gallon on the week and 17 cents per gallon on the month, according to AAA.

AAA says retail prices have increased for 40 of the past 42 days as a result of market reactions to the OPEC oil cut agreement. Traders and industry alike will keep a close eye on OPEC compliance as they await the release of the first output report which is expected in mid-February.

Quick Stats

    • The nation’s top 10 least expensive markets are: South Carolina ($2.14), Tennessee ($2.14), Mississippi ($2.15), Alabama ($2.16), Arizona ($2.16), Arkansas ($2.16), Texas ($2.17), Oklahoma ($2.17), Louisiana ($2.18) and Missouri ($2.18).

    • The biggest weekly increases are seen in Michigan (+9 cents), Pennsylvania (+8 cents), Delaware (+8 cents), Oregon (+7 cents), West Virginia (+6 cents), Washington (+6 cents), Alaska (+6 cents), Ohio (+5 cents), Virginia (+5 cents) and Maryland (+5 cents).