WESTWOOD — The average price for a gallon of gas rose 14 cents in a week, according to nonprofit driving club AAA Northeast.
As of Wednesday, the average price of gas is $3.04 a gallon, 7 cents higher than a day earlier. Nationally, the average price for a gallon of gas was $3.19 as of Wednesday, up 14 cents from a week earlier and 7 cents from Tuesday.
Crude oil prices climbed sharply for a second straight day Tuesday: Domestically produced West Texas Intermediate (WTI) settled at $74.56 a barrel, up 4.6%, and Brent crude advanced to $81.40 a barrel, up 4.7%.
Between March 2 and March 4, the national average climbed 20 cents and is above $3 for the first time since December.
There have been no oil or gas cargos though the Strait of Hormuz — a critical passageway for roughly one-fifth of the world’s supply — since March 2.
Iranian attacks on oil and gas infrastructure across the region, including Saudi Arabia’s largest refinery on the country’s eastern coast, have raised additional production and supply concerns.
How can drivers save on gas?
Shop around. Be strategic about fueling up so you can reward the gas station offering the best price with your business. Don’t wait until you’re on empty, which might force you to fill up at a more expensive station, like those at rest stops or right off the highway.
Don’t speed. As speed increases above 50 mph, aerodynamic drag causes fuel economy to drop off significantly.
Know which fuel you really need. AAA research has found that unless premium fuel is recommended or required by your car’s manufacturer, it provides no added benefit.
Leverage rewards and discounts. Many gas stations offer discounted prices for drivers who use their app or other rewards program. AAA members can also save at the pump by signing up for Shell Fuel Rewards®.