Rising oil prices are slowly being reflected at the gas pumps in Florida and nationwide.
According to Thursday’s AAA report, the average cost per gallon of gas rose two cents in the Gainesville area, four cents statewide and five cents across the U.S.
“Oil prices finally crested and have now settled above the $70 per barrel mark after weeks of hovering just below it,” said Andrew Gross, AAA spokesperson in a press release, “and gas demand is very robust. These two factors will cause drivers to see prices increase for now.”
Recent data from the Energy Information Administration (EIA), gas demand increased from 8.96 million barrels per day (b/d) to 9.15 million b/d last week. In the U.S., gasoline stocks decreased by 2.9 million barrels of crude oil (bbl) to 226.7 million bbl.
According to the AAA release, “Increased demand amid tighter supply has contributed to pushing pump prices higher. If demand continues to rise, pump prices will likely follow suit.”
Thursday’s national average of $3.48 is 13 cents more than a month ago but 75 cents less than a year ago.
In Gainesville, the average price per gallon increased to $3.45 from last week’s $3.43. A month ago, the price was at $3.32 and last year the average cost per gallon was $4.21.
Florida has the 15th most expensive average in the U.S. at $3.45 per gallon. A month ago, the average cost was $3.27 and last year it was $4.20.
According to gasbuddy.com, here are the lowest prices to fill up in Alachua County:
- $3.19 at Circle K, 16070 Martin Luther King Blvd., Alachua.
- $3.21 at Wawa, 2305 NW 13the St., Gainesville
- $3.21 at Circle K, 9404 NW 39th Ave., Gainesville
- $3.21 at Circle K, 5708 NW 34th St., Gainesville
- $3.22 at The Short Stop, 2610 NE 39th Ave., Gainesville
- $3.23 at Sam’s Club, 4001 SW 30th Place, Gainesville
Since last Thursday, these 10 states have seen the largest changes in their averages: Indiana (+15 cents), Ohio (+14 cents), Colorado (−14 cents), Delaware (+12 cents), Iowa (+12 cents), Kentucky (+12 cents), Illinois (+11 cents), Michigan (+11 cents), Arizona (+10 cents) and Texas (+9 cents).
The nation’s top 10 least expensive markets: Mississippi ($3.01), Arkansas ($3.06), Oklahoma ($3.06), Kansas ($3.06), Missouri ($3.10), Alabama ($3.14), South Carolina ($3.15), Louisiana ($3.15), Texas ($3.15) and Montana ($3.19).