Summer Gasoline - Families Expected to Pay $200 More than Last Year

Average Summer Gas Prices

2014 3.57 $3.50 $3.48 $3.35

Nationa l$ Florida Georgia Tenn.

2015 $2.71 $2.58 $2.57 $2.45 2016 $2.23 $2.19 $2.11 $2.03 percent above last year

Crude oil production rose by 0.2 percent and remains about 15 percent higher than a year ago

Gasoline production increased 4.6 percent on the week and is about 2 percent above year-ago levels

Finished motor gasoline exports surged nearly 50 percent from the week before, reaching 925,000 barrels per day

Crude oil exports reached a record-setting 2.57 million barrels per day - after soaring 37 percent from the week before

The surge in exports is attributed to growth in domestic crude production, which hit a record high last week, and Congress and the Obama Administration lifting the 40-year crude export band in 2015. Amid rising global demand and reduced output from OPEC and its partners, including Russia, the U.S. has been able to sell more crude to foreign buyers. 2017 $2.31 $2.25 $2.18 $2.08 Today $2.92 $2.82 $2.78 $2.67

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA. com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.