Posted: Monday, February 17th 2014 at 5:08am
AAA: Motorists should expect uptick in gas prices
TAMPA, Fla. – Gulf coast refinery maintenance began last week and gas prices already reflect increases. Southeast pump prices jumped as a whole last week and the nation's average for a gallon of regular gas climbed 7 cents from a week ago.
Refinery maintenance, the fuel blend switch, and increased spring demand have already put upward pressure on prices at the pump. During maintenance season, refineries will reduce production output as they switch to the more expensive summer blend fuel. The summer blend fuel costs more because of required additives by the EPA to help cut emissions.
“Motorists shouldn’t be surprised if gas prices continue inching up this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Last year, prices peaked at $3.79 at the end of February and slowly dropped through April. This year, February prices are expected to remain well below year ago levels.”
A barrel of oil settled Friday at $100.30 on the NYMEX-- less than $1 more than the week prior.
The national average for a gallon of regular, unleaded gasoline is $3.35, 7 cents more than last week. Florida's average of $3.39 rose 7 cents from last week. Georgia’s average of $3.21 rose 3 cents, while Tennessee's average of $3.17 jumped 9 cents from last week.
A month ago, Georgians were paying an average of $3.20 a gallon; a year ago, the average price was $3.60 a gallon.
Link: AAA Fuel Gauge Report
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