Since 2015 began, fuel prices have steadily climbed. However, some trends may tip the scales in the other direction later this summer.

According to analysts at AAA, they feel it is possible that pump prices may be near a seasonal peak. A few months ago the combination of crude oil increasing in value, plus refinery maintenance, the changeover to summer-blend gasoline production and domestic refinery issues propelled have made an impact.

Marilyn Buskohl, spokeswoman for AAA South Dakota provided a comparative silver lining. “While pump prices have been rising, the South Dakota average price for regular gasoline remains quite a bit below the price on June 2 of last year. We’re on track to pay the lowest prices at the pump during the summer driving season since 2009.”

Refinery issues are certain to play a part in the supply-demand chain. One major facility located in Toledo, Ohio is expected to be offline for two to three weeks while repairs are made. There are also two refineries in Illinois that are both running at reduced rates.

Buskohl also fears another component that could cause scarcity. “There is the possibility some prices may temporarily climb higher later this summer if severe weather impacts refinery production. The Atlantic hurricane season is officially underway but it’s expected to be less severe than usual.”

Today’s national average of $2.75 per gallon is about a penny higher than one week ago and 14 cents more per gallon than one month ago. South Dakota statewide is paying $2.67 per gallon on average. At $3.68 per gallon, California has the most expensive gas in the nation.

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