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

Florida, Jacksonville gas prices soar over the past week

With Crude Oil Prices Rising, Florida Drivers Paying More for Gas

Today's national gas price average is $2.56, which is 3-cents higher than one week ago, 8-cents higher than one month ago and 38-cents higher than this time past year.

The bump in gas prices means that those driving long distances for Thanksgiving, just a week and a half away, will face higher costs to do so.

"Our usual autumn pump price plunge was interrupted by rising oil prices", said Mark Jenkins, a spokesman for AAA. Gas prices in Florida have risen an average of 13 cents in the last week - the highest such increase in the nation. The most expensive gas in Florida on Monday was $2.64 in the West Palm Beach-Boca Raton area.

Numerous other stations were selling gas at prices that ranged from $2.29 to $2.43 per gallon.

Isn't it interesting that gas prices never fall that fast following steep oil-price declines? Pensacola saw the lowest average price at $2.48 per gallon. "However, while November gas prices have come in like a lion, AAA expects them to go out like a lamb".

Jenkins said oil prices will continue to be an issue this week even if prices stay about even. AAA said a barrel of WTI oil cost $57.35 - its highest daily level in more than two years - Monday. "Fortunately, domestic oil supply and production made solid gains".

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).

Typically, gasoline prices are lower in the winter compared to summer.

"Increasing crude oil prices nearly always lead to higher prices at the pump", Jenkins added.

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