Prices Still Rising Last 30 Days
Including the change in gas prices in Florida during the past week, prices yesterday were 0.9 cents per gallon higher than the same day one year ago and are 20.1 cents per gallon higher than a month ago. The national average has increased 28.2 cents per gallon during the last month and stands 7.2 cents per gallon higher than this day one year ago.
"If anything positive came about as a result of Winter Storm 'Nemo' it may be that the resulting 'demand destruction' seems to have flattened out the rate at which prices had been increasing in the Northeast and the Midwest too," said Analyst Gregg Laskoski. "On the west coast motorists are less fortunate. With western refineries producing at 75% capacity (less than any other region), California has seen its average price increase by 14 cents per gallon over the past week; doubling the rate of increase over the same period for the rest of the country."