Alabama gas prices up 17 cents in one week; experts predict a price decrease over next few weeks

BIRMINGHAM, Ala. (WBRC) – You might be noticing larger costs on the fuel pump proper now. Alabama’s state common is $3.31 as of January 5. That’s up 17 cents from one week earlier than, when the common was $2.89.

Clay Ingram with AAA stated it’s uncommon to see such an enormous soar on the pump in a single week, nevertheless it’s due to will increase in vacation journey, provide points abroad, and refinery points from the chilly climate.

The excellent news – Ingram stated costs will doubtless fall once more quickly. He stated they received’t drop as quick as they rose, however drivers can count on to see a decline over the subsequent few weeks. He expects costs to drop somewhat beneath $3 a gallon once more, however come spring time, they’ll rise again up for spring break demand. Ingram stated after that, they are going to in all probability maintain rising for the yr.

“The low worth that we hit round January, February timeframe is often our start line for the yr,” Ingram stated. “The decrease we are able to get costs over the subsequent month, month and a half, the decrease our start line will probably be for 2023, as a result of it’s just about all uphill after that.”

Ingram stated it’s arduous to foretell simply how excessive costs could get this yr, however he stated drivers can doubtless count on to see them over $3 for a majority of spring and summer time.

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