WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports Gas prices continue upward

Gas prices continue upward

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SAVANNAH, GA (WTOC) -

Average retail gasoline prices in Savannah have risen 3.9 cents per gallon in the past week, averaging $3.40 per gallon on Sunday, according to SavannahGasPrices.com.  

The national average increased 4.5 cents per gallon in the last week to $3.39 per gallon on Sunday.

Gas prices on Sunday in Savannah were 39.1 cents per gallon higher than the same day a year ago. The national average prices is 30.4 cents per gallon higher than the same day a year ago.

"Late last week we saw wholesale gasoline prices rise dramatically on some refinery issues, which leads me to believe that retail gasoline prices will rise in response," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, in a statement. "We continue to also watch how Iran responds to EU sanctions- there are some concerns that they may cut oil to the European region before the sanctions are to take effect to cause these countries hardship when they can't find new sources of oil quickly enough. That in itself could draw crude oil prices higher quickly at a moments notice," DeHaan said.

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