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

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

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.

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