Saturday, 19 January, 2019

Tampa Bay gas prices rocket 17 cents over a week

FOX19 NOW  file FOX19 NOW file
Nellie Chapman | 24 April, 2018, 18:53

Tennessee gas prices set a fresh new high of the year.

"The road head at the pump looks quite ominous if that demand number proves common in the coming weeks", said DeHaan, in a news release.

The average US price of regular-grade gasoline spiked 9 cents a gallon over the past two weeks to $2.83.

$2.32/g in 2017, $2.10/g in 2016, $2.42/g in 2015, $3.68/g in 2014 and $3.49/g in 2013.

AAA officials say the rise in price is due to increasing demand and decreasing oil and gasoline inventories. "Unfortunately, oil prices could still remain elevated heading into the summer travel season". With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High!

The average cost for a gallon of gas on Monday in the Bradenton-Sarasota area was $2.70, slightly below the statewide average of $2.74.

Drivers in Punta Gorda, Orlando and Jacksonville found the cheapest gas at $2.69. It cost $38 to fill an average-sized tank of gasoline in Tennessee.

Indeed, the Organization of the Petroleum Exporting Countries has been successfully working with non-member producers such as Russian Federation to stop the oil supply glut that dropped the price of a barrel of oil from more than $100 in 2014 to as little as $29 at the beginning of 2016.

Other factors include a lower supply while Gulf Coast refineries wrap up their seasonal switch to summer gasoline blends, plus the annual price pressure that accompanies increased summer driving.

The most expensive were the West Palm Beach-Boca Raton ($2.86), Crestview-Fort Walton Beach ($2.81) and Fort Lauderdale ($2.80) regions.

Success! An email has been sent with a link to confirm list signup.

Weekly local news headlines from the Jackson Progress Argus.

Get the Sports headlines from the Albany Herald delivered daily to your email.