AAA reports Refineries recovering from Hurricane Harvey, Irma Stirs Uncertainty

Tampa, FL – Gas prices spiked during the past week in response to Hurricane Harvey’s impact on the fuel refining region in the Gulf Coast.

This left motorists with the most expensive Labor Day gas prices in three years. Just as operations in the Gulf Coast begin to recover, motorists are faced with the potential of another major storm. 

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AAA reports Gas Prices Surge at Pump

Tampa, FL – Gas prices are rising across the country. The national average price for a gallon of regular unleaded jumped 7 cents in the past week. Sunday’s average of $2.39 is the highest since September 2015.

Also in the past seven days, gas prices rose 12 cents in Florida, 8 cents in Georgia, and 7 cents in Tennessee. Florida’s average price of  $2.42 is the highest since August 2015. Georgia’s average price of $2.28 is the highest since October 2016. Tennessee’s average of $2.14 is the highest since January 2017.

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AAA reports Gas Prices on the Rise

Tampa, FL – All signs point to higher gas prices. Gasoline demand is surging while inventories are beginning to slip. Meanwhile, refineries are getting rid of excess winter blend gasoline as they continue to push summer blend fuel into the market, which is more expensive to produce. 

Today the national average for a gallon of regular unleaded gasoline is $2.32, an increase of 3 cents from last week, up a few fractions of a cent from one month ago, and 26 cents more than this time last year. 

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AAA says for now Gas Prices continue to drift lower

Tampa, FL – Gas prices have declined 14 of the last 16 days. During that time, the national average price  has declined 2 cents. Pump prices have drifted lower on increased inventories and declining oil prices.   

“Gas prices are falling now, but fundamentals are pointing higher,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gulf Coast refineries are moving into their peak maintenance season, causing them to reduce gasoline production at a time when demand is slowly rising. This seasonal trend, could push gas prices 25-50 cents higher by June, unless oil prices do not recover as expected.”

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AAA says as Oil Plummets Gas Prices could fall 5-10 Cents

Tampa, FL – The falling price of oil dragged gas prices lower last week. The national average price for a gallon of regular unleaded is $2.30, down 1-cent from the week before, a downward trend that is likely to continue in the near future.

“The oil market suffered a ‘mini collapse’ last week, following reports of a record build in domestic crude oil,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “This will postpone the customary spring-time gas price spike. Prices could drop 5-10 cents in the short term, but this downward trend may only be temporary.”

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AAA reports Gas Prices Level Off

Tampa, FL – Gas prices are holding steady after inching up last week. The national average price for a gallon of regular unleaded is $2.31 – nearly 3 cents more than a week ago. Compared to last year, motorists are paying 50 cents more for a gallon of gasoline and $7.00 more for a full tank of gas.

“Last week’s price hike is pretty normal for this time of year, and there will likely be more of that to come in the next few months,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

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AAA says Gas Prices to rise 35-70 cents in Spring

Tampa, FL – Refineries are easing into maintenance season, which normally signals a gradual increase in prices at the pump. Throughout the past five years, gas prices rose 35-70 cents from February to Memorial Day, and motorists should expect the same this year. 

“The seasonal increase hasn’t begun yet, but it’s coming,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

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