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WASHINGTON, DC – The winter storm that wreaked havoc on most of the nation has led to supply disruptions and pushed up the national average for a gallon of regular gasoline to $2.87.
Below-freezing temperatures and lingering snow have disrupted some crude production and refinery operations, while gasoline demand increased pre-storm as drivers filled up their tanks ahead of the severe winter weather.
Those factors have led to a rise at the pump over the last week but not enough to match last year’s national average at this time of $3.12.
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 7.83 million b/d to 8.75 million. Total domestic gasoline supply increased from 257 million barrels to 257.2 million.
Gasoline production increased last week, averaging 9.6 million barrels per day.