Monday, August 27, 2012

Gas Prices Continue Rise

Prices 10% Higher Than Month Ago

LABELLE, FL. -- Average retail gasoline prices in Florida have risen 7.7 cents per gallon in the past week, averaging $3.73/g yesterday. This compares with the national average that has increased 3.0 cents per gallon in the last week to $3.73/g, according to gasoline price website

Prices in Hendry and Glades county are from $3.77 to 3.81 per gallon, as usual higher than surrounding counties and higher than Florida averages and the lowest prices on State Road 29 South.

Including the change in gas prices in Florida during the past week, prices yesterday were 17.6 cents per gallon higher than the same day one year ago and are 32.2 cents per gallon higher than a month ago. The national average has increased 23.3 cents per gallon during the last month and stands 11.8 cents per gallon higher than this day one year ago.

"Well, for those that have noticed, the national average has perked up slightly in the last week as oil prices have advanced," said Senior Petroleum Analyst Patrick DeHaan. "While that may be notable, soon-to-be Hurricane Isaac will be the story this week. It's entirely within the realm of possibility that we see refinery outages, oil production losses, and gasoline supply issues- essentially all the things you don't want to happen."

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