Gas Prices Still Rising Steadily
Including the change in gas prices in Florida during the past week, prices yesterday were 13.1 cents per gallon higher than the same day one year ago and are 38.3 cents per gallon higher than a month ago. The national average has increased 42.2 cents per gallon during the last month and stands 16.7 cents per gallon higher than this day one year ago.
"The steady climb of retail gas prices is likely to continue following double-digit increases in wholesale prices with fuel production tightening in the majority of the country's refineries," said Analyst Gregg Laskoski. "Los Angeles has climbed to $4.28 per gallon with a 55-cent average price increase in the past month, and that rate was surpassed in Chicago ($4.09 average price) and Detroit ($3.86 per gallon average), where motorists saw 63- and 64-cent respective increases over the same period. New York crossed the $4 threshhold too."