Gas prices rise to highest price in six weeks

Published: Monday, January 4, 2010 at 7:41 a.m.
Last Modified: Monday, January 4, 2010 at 7:41 a.m.

Crude oil prices - and a corresponding increase in gas prices at the pump - have risen to their highest level in six weeks for two reasons.


Average unleaded gas prices in Florida

Current – $2.683

Week ago – $2.629

Month ago – $2.691

Year ago – $1.660

Source: AAA

Analysts are blaming the price spike on cold weather that settled over much of the nation during the past several days, which increased demand for fuel oil. Also, the forecast includes more freezing weather nationwide, which is expected to create an ongoing demand for additional fuel oil.

In the weekly news release from AAA about gas prices, public relations specialist Jessica Brady said “Retail gasoline prices were pushed higher as demand for crude oil increased to produce more heating oil and natural gas. Until this past week, retail gas prices were not directly affected by the rise in crude oil prices which is typically the norm, so it is not surprising to see retail prices increase.”

The average price per gallon for unleaded gas in Florida rose by a nickel a gallon over the past week to $2.68 per gallon.

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