Gas prices may rise through April, experts say
Published: Monday, February 11, 2013 at 6:34 p.m.
Last Modified: Monday, February 11, 2013 at 6:34 p.m.
The price of gasoline at the pump is rising rapidly and experts said Monday that the increase is expected to continue into April at least.
A variety of reasons - from snow storms in the northeast to economic growth in China - are being blamed for the rise. In addition, the ongoing switch to the summer blend fuel and refinery maintenance pushed oil and gas prices higher in the past few weeks.
Last year, gas prices peaked in April then headed on a downward trend through the summer months. This year is forecast to have a similar trend, but with lower gas prices overall.
“Gas prices are still forecast to peak in April, so it's likely motorists will see pump prices steadily increase during the next couple of months," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "However, the national average is not expected to exceed $4 a gallon this year for regular unleaded gasoline."
The national average price of regular unleaded gasoline is $3.58, seven cents more than last week. Florida's average price of $3.64 increased eight cents from last week. Georgia’s average of $3.47 rose two cents, according to AAA.
In Gainesville, prices ranged from $3.55 to $3.89, with an average price of $3.68, about 4 cents more than last week, according to the website GasBuddy.com.
A barrel of oil closed Friday at $95.72 on the New York Mercantile Exchange, $2.05 less than the week prior.