Home » News » Energy
February 03. 2013 9:20PM
MANCHESTER - The cost of filling up is going up - quickly.
Fuel prices jumped by an average of about 13 cents last week and are up 17 cents from where they were a week ago.
Whether it's gasoline, diesel or home heating fuel, consumers took quite a financial hit from the end of January to the opening week of February.
"Typically we start to see a spring rally around late February or early March," said Pat Moody, spokesman for AAA of Northern New England.
"If this is a spring rally, it's coming a little bit earlier than we've seen in the past."
According to AAA, the national average for regular unleaded on Friday was $3.46 per gallon. It was $3.33 the week before and $3.29 at the end of December.
In New Hampshire, the average price jumped overnight from $3.496 Thursday to $3.545 for a gallon of regular. The state average for the previous week was $3.40.
Bob Sculley, president of the New Hampshire Motor Transport Association, said a number of factors combined have led to the price spike. Some refineries are shutting down for maintenance, the price of crude oil has gone up and there has been a supply shortage in California, meaning fuel has to be diverted from other areas of the country to meet the need, Sculley said.
"It is going up. We're just not sure how high it's going," Sculley said. "I don't think it's going up astronomically."
Sculley is also executive director of the Oil Heat Council of New Hampshire. He said consumers trying to heat their homes are going to be paying more unless they locked into a lower rate before the season.
According to the New Hampshire Office of Energy and Planning, the average credit price for heating oil in the state was $3.84 per gallon Jan. 28 - before gasoline and diesel prices jumped.
"The root causes of the increases are the same for both," Sculley said.
Sculley expected this week's price to be higher, though he wasn't sure how much.
"It goes up and down. A couple years ago it was high as four-something a gallon, then the bottom dropped out and it was down to two-something. Here we are at three-whatever," Sculley said. "Prices change every day."
dalden@unionleader.com
Number of factors contributing to rise in gas prices
Fuel prices jumped by an average of about 13 cents last week and are up 17 cents from where they were a week ago.
Whether it's gasoline, diesel or home heating fuel, consumers took quite a financial hit from the end of January to the opening week of February.
"Typically we start to see a spring rally around late February or early March," said Pat Moody, spokesman for AAA of Northern New England.
"If this is a spring rally, it's coming a little bit earlier than we've seen in the past."
According to AAA, the national average for regular unleaded on Friday was $3.46 per gallon. It was $3.33 the week before and $3.29 at the end of December.
In New Hampshire, the average price jumped overnight from $3.496 Thursday to $3.545 for a gallon of regular. The state average for the previous week was $3.40.
Bob Sculley, president of the New Hampshire Motor Transport Association, said a number of factors combined have led to the price spike. Some refineries are shutting down for maintenance, the price of crude oil has gone up and there has been a supply shortage in California, meaning fuel has to be diverted from other areas of the country to meet the need, Sculley said.
"It is going up. We're just not sure how high it's going," Sculley said. "I don't think it's going up astronomically."
Sculley is also executive director of the Oil Heat Council of New Hampshire. He said consumers trying to heat their homes are going to be paying more unless they locked into a lower rate before the season.
According to the New Hampshire Office of Energy and Planning, the average credit price for heating oil in the state was $3.84 per gallon Jan. 28 - before gasoline and diesel prices jumped.
"The root causes of the increases are the same for both," Sculley said.
Sculley expected this week's price to be higher, though he wasn't sure how much.
"It goes up and down. A couple years ago it was high as four-something a gallon, then the bottom dropped out and it was down to two-something. Here we are at three-whatever," Sculley said. "Prices change every day."
dalden@unionleader.com
- Roaming jihadis: A terrorist visits Manchester - 3
- Athletes and PE: Give them credit for sports - 7
- The EPA's friend: It has a loyal ally in Shea-Porter - 16
- Leading vs. following: Ayotte, Shaheen and the polls - 23
- The cupcake police: Stop! In the name of lard! - 15
- Page One Editorial: Obama is right - 27
- Taxed tips: Another NH revenue grab - 9
- Gosnell and NH: The horror of late-term abortion - 8
- Bridging the night: Bright ideas in Portsmouth - 0
Underestimating NH: Gun control picks two wrong targets
READER COMMENTS: 17- Man shot to death on Manchester street late Saturday - 2
- UNH hires firm to redesign one of its logos - 10
- Disengaged: Obama's lousy excuse - 11
- Ted Siefer's City Hall: School board on the defensive over Cupcake-gate - 1
- Garry Rayno's State House Dome: All eyes on House as casino vote nears - 1
- 43 killers on lifetime parole - but where? - 3
- Official says NH abortion sites need state scrutiny - 13
- Chechen decries Boston attack - 1
- Heroin use, deaths spike in New Hampshire - 1
NY man stable after destroying classic Porsche 911 in Route 16 wreck
READER COMMENTS: 1
Sorry, no question available



