Gas prices are up again

Gas Prices Continue to Rise

Gas prices are up again

In the last week alone, Florida's gas prices rose almost 10 cents to an average of $2.818 as of Monday morning.

AAA Michigan says average gas prices statewide have risen about 7 cents in the past week. That compares to national average that has increased 5.7 cents per gallon in the last week to $2.86.

$2.37/g in 2017, $2.15/g in 2016, $2.74/g in 2015, $3.49/g in 2014 and $3.42/g in 2013.

The West Palm Beach-Boca Raton market easily had the most expensive gas in Florida with prices averaging $2.92 per gallon.

Gas prices are now 49 cents higher than a year ago yesterday. On a global level, economic sanctions against Iran are prohibiting it from exporting as much oil to the USA, which is driving up prices.

On Sunday, the average gallon of gas cost $2.82 in the Sunshine State, the highest they have been since November 2014. "In addition, as money continues to flow into commodities as bets for higher oil prices rise, there's a strong chance of seeing crude oil prices continue to rally in the weeks ahead, with odds of hitting $3/gallon nationally now better than 65% just in time for the summer driving season".

Looking state-by-state, the largest weekly changes in average gas prices were seen in: OH (+15c), Nevada (+12c), DE (+11c), MI (+10c), Florida (+10c), Wyoming (+10c), Minnesota (+9c), Kentucky (+9c), Missouri (+9c) and West Virginia (+9c).

For live fuel price averages, visit fuelinsights.gasbuddy.com . MI ranked 16th in the nation for most expensive gas. GasBuddy is available on all mobile platforms.

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