AAA: Florida gas prices see largest one-week increase in the nation

GasBuddy: Many factors behind unusual jump in prices at the pump

Statewide, prices at the pump averaged $2.53 per gallon, up 13 cents over the week. Average Florida prices did, however, hold steady over the weekend, AAA said.

Harvey pushed Lancaster County gas prices up 42 cents in two weeks to $2.88 a gallon, the biggest runup since Hurricane Katrina in 2005.

"Apparently, this year is playing a trick on motorists", said Patrick DeHaan, head of petroleum analysis for GasBuddy. German President Horst Koehler said on Sunday higher petrol prices is the surest means to convince traditionally car-loving Germans to seek more environmentally-friendly alternatives, and his comment has already sparked the ire of the automobile lobby. Oil prices also are up to around $55-$60 a barrel.

Shelby County had the lowest average price in the region, which was $2.41, passing Hancock County at $2.42. "However, while November gas prices have come in like a lion, AAA expects them to go out like a lamb".

Keeping prices low, however, eats into the gas stations profit margins.

Isn't it interesting that gas prices never fall that fast following steep oil-price declines? "We were in the stratosphere, so to speak, in terms of wholesale prices".

Once everyones prices are up, one gas station will drop theirs, undercutting the competition. One day last week, for instance, Tampa Bay pump prices jumped by a dime in a single day.

"Gasoline inventory is still on the low side, but wholesale gas prices have plummeted", DeHaan said.

States with the lowest average gas prices: MS ($2.26), Alabama ($2.26), SC ($2.29), Arkansas ($2.31), Louisiana ($2.31), Texas ($2.31), Tennessee ($2.31), Virginia ($2.34), Missouri ($2.35) and Oklahoma ($2.35).

Even if prices remain high, Jenkins doubts it will affect consumers travel plans for the holiday.

Related News:

  • EU's Mogherini calls on Hariri to return to Lebanon

    EU's Mogherini calls on Hariri to return to Lebanon

    Such a statement by Aoun might give some satisfaction to Saudi Arabia, but it would seem to leave Hariri no stronger than before. If the interview was meant to end the rumors that Hariri is being coerced by Saudi Arabia, it didn't exactly work.

    Fury Road Director George Miller Suing Warner Bros. for $7 Million

    We're not going to be getting any Mad Max films for the foreseeable future. Warner Bros. needs to disassociate themselves from that guy.
    'Lord of the Rings' TV adaptation coming to Amazon

    'Lord of the Rings' TV adaptation coming to Amazon

    The series will be produced by Amazon Studios in cooperation with the Tolkien Estate and Trust, HarperCollins and New Line Cinema, a division of Warner Bros.
  • Sony Developing Film Based On Spider-Man Villain Morbius

    Sony Developing Film Based On Spider-Man Villain Morbius

    Developed in secret, it's come to light that the studio is moving forward with a movie based on Morbius the Living Vampire . Basically, he's the Yuri Boyka of the Spider-Man 'verse, only instead of kicking ass, he bites necks and wears tights.
    Half of US adults have high blood pressure in new guidelines

    Half of US adults have high blood pressure in new guidelines

    This means almost half the US adult population is living with hypertension and at an increased risk for heart disease and stroke. The change reclassifies 14 percent of U.S. adults, who were once deemed "high normal " and now have a more critical diagnosis.
    Another Prisoner Shot And Killed At Delhi's Rohini Court, Just Like April

    Another Prisoner Shot And Killed At Delhi's Rohini Court, Just Like April

    The Delhi Police arrested the accused immediately after the incident, the police told the Hindustan Times . A prisoner who the police was escorting for a hearing in a court in Delhi has died after being shot at.
  • Earnings Analysis Of Spirit Realty Capital, Inc. (SRC)

    Earnings Analysis Of Spirit Realty Capital, Inc. (SRC)

    Its down 0.42, from 1.4 in 2017Q1. 23 funds opened positions while 56 raised stakes. (NYSE:NFG) to report earnings on February, 1. Spirit Realty Capital, Inc. on 9/29/2017 reported its EPS as $0 with the analysts projecting the EPS of the stock as $0.08.
    Liverpool star Nathaniel Clyne out until February

    Liverpool star Nathaniel Clyne out until February

    For Liverpool , youngsters Joe Gomez and Trent Alexander-Arnold have impressed Jurgen Klopp . It's not the best thing, especially not for him.
    UP Civic Polls: BJP Manifesto Promises Free WiFi, 'Pink Toilets' For Women

    UP Civic Polls: BJP Manifesto Promises Free WiFi, 'Pink Toilets' For Women

    The document will include the party's vision of local governance and development programmes for the people, Madan said. The Congress accused the BJP of not fulfilling past promises.
  • Tech firm to locate in NOLA, 'historic announcement' at 2 pm

    Tech firm to locate in NOLA, 'historic announcement' at 2 pm

    Governor John Bel Edwards will announce the development on the Gate A ramp on Poydras Street. Traded on the New York Stock Exchange as DXC, it is a component of the S&P 500 Index.
    Rally for Meek Mill scheduled for Monday

    Rally for Meek Mill scheduled for Monday

    Brinkley, who handed down the sentence after Mill failed a drug test and violated travel restrictions set out by probation. The rally is going down today in Philadelphia outside the Criminal Justice Center at 13th and Filbert Streets.

    Laredo Petroleum, Inc. (NYSE:LPI) Short Interest Up 12.3% in October

    Scully increased its stake in Laredo Petroleum Inc (LPI ) by 21.13% based on its latest 2017Q2 regulatory filing with the SEC. The stock has a market capitalization of $2,636.11, a P/E ratio of 22.18, a PEG ratio of 4.37 and a beta of 1.39.


Most liked

Byron Maxwell signs one-year contract with Seattle Seahawks
A report over the weekend put Maxwell, who also visited with the Falcons recently, in the mix for a return to Seattle . He had 61 tackles, two interceptions and five forced fumbles in 15 games with the team over the past two seasons.

DC Comics Fires Eddie Berganza Due to Sexual Harassment Allegations
Per BuzzFeed News , Warner Bros. and DC Entertainment said that they are "committed to eradicating harassment ". Three former DC employees accused editor Eddie Berganza of sexual assault while they worked for the company.

Giants owners in statement: 'Ben McAdoo is our head coach'
The 49ers have a winnable contest the following week when they travel to play Chicago (3-6) before a trip to Houston (3-6). But it will be fun to watch them go at it in the NFC playoffs. "I saw the cutback and there was no one back there".

Donald Trump Jr. Channeled WikiLeaks for the Trump Campaign
The day before, Roger Stone, an informal advisor to Donald Trump , had tweeted, "Wednesday@HillaryClinton is done". Donald Trump Jr. corresponded with WikiLeaks during the 2016 presidential campaign, it was revealed on Monday.

Overwatch Xbox One X 4K Enhancements Confirmed By Blizzard
Overwatch's colorful characters and incredibly detailed worlds make it a ideal candidate to test Xbox One X's graphical power. Either way, if you bought an Xbox One X when they came out and play Overwatch , you'll be abel to get the enhancements soon.

Google Assistant now broadcasts messages throughout your house on all speakers
Starting today, you can broadcast your voice from your Assistant on your phone or voice-activated speaker, like Google Home . Good news for those with a Google Home device and a big house: you can now use the smart speaker as an intercom.

Jack Swagger signs with MMA group Bellator
A specific date for the first fight hasn't been set, but we'll keep you updated once it's made official. He would make his debut under the name Jack Swagger in September 2008, appearing for the ECW brand.

Jacqui Lambie may resign in next 24 hours over dual citizenship
Last week, the Tasmanian told the ABC she was satisfied she had "no concerns" about being a dual citizen because of her father. Senator Lambie has been dragged into Canberra's citizenship saga after last week revealing her father was born in Scotland .

Barbie's Newest Model is Olympic Fencer Ibtihaj Muhammad
The dolls aren't for sale, but with more than 79,000 Instagram followers, they clearly represent a market for Mattel. In 2018, Barbie will wear a hijab-and young Muslim girls will finally see themselves represented in the iconic doll.

LeBron and Cavs take the NY subway ahead of Knicks game
Isaiah Thomas said the team "does it all" following his experience riding underground. "Subwayman" who got angry at LeBron James for filming him.

Donald Trump asked China's president to help resolve UCLA basketball player arrests
If convicted on the original charges, the three could get a prison sentence of up to ten years each according to earlier reports. This official indicated that charges against the players have been reduced and that the case is proceeding toward a resolution.

Google Reveals Why Your Account Is Most Likely To Be Hacked
People use their Google accounts as the base for all major social media and online accounts. Numerous attacks that landed in our inboxes can be sourced back to Nigeria.

Penn State Frat Death
Footage retrieved from the frat's extensive system of security cameras captured numerous events that day. He says the new video shows that several people knew exactly what happened.

Zimbabwe army chief criticizes infighting in ruling party
Chiwenga added that Zanu PF has been hijacked by counter revolutionaries whose agenda it is to destroy Zanu PF from within. Although he did not mention the president by name, the warning is understood to be directed at the 93-year-old Mr.

Cim Investment Mangement Inc. Has $555000 Position in Starbucks Corporation (SBUX)
After $0.55 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 3.64% EPS growth. With 125,000 avg volume, 10 days are for Athenex Incorporated (NASDAQ:ATNX)'s short sellers to cover ATNX's short positions.