Pump prices remain on upward trend
Spokeswoman for The Auto Club Group, in a news release. “The price at the pump continues to increase and break monthly records, and it doesn’t look like relief will come anytime soon. Global headlines fueled a bullish market last week and pushed oil prices to a nine-month high.”These global headlines included news that European leaders would meet to finalize plans for a Greek bailout and continued concerns that Iran would disrupt oil shipment by blocking the Strait of Hormuz. In the U.S., news of falling unemployment and contractors breaking ground on more homes in January than previously forecast contributed to the gas price increase, according to AAA.
South Florida fuel average details:
Miami: A gallon of regular unleaded gasoline was $3.74, up from $3.71 the previous week and $3.21 a year ago. Fort Lauderdale: Regular unleaded reached $3.74 a gallon, up from $3.71 the previous week and $3.18 a year ago. West Palm Beach/Boca Raton: A gallon of regular unleadedGas prices continue ascent
PROVIDENCE – Prices at the pump in Rhode Island increased for the seventh consecutive week on Monday, according to AAA Southern New England.
The auto club’s Feb. 13 survey found the average prices of self-serve, unleaded regular gasoline was $3.65 per gallon, a 6 cent increase from a week ago and up 16 cents over the last month. Prices ranged from $3.55 to $3.80.
The national average was $3.52 on Monday and in Massachusetts, it stood at $3.57, increasing for the eighth consecutive week.
According to Bloomberg News, oil climbed after the Greek parliament approved an austerity plan, bolstering chances for a solution to Europe’s debt crisis, and on increasing concern that Iranian crude supplies will be disrupted.
Futures rose as much as 2 percent, the euro strengthened and the global equity market advanced after passage of the package needed for 130 billion euro ($172 billion) in aid. Companies controlling more than 100 supertankers said they would stop loading cargoes from Iran, tightening sanctions on OPEC’s second-biggest producer.
ABC NewsAAA's Auto Club of Southern California, home to some of the country's highest gas prices, noted a 13-percent increase in servicing drivers who ran out of gas in just the first three months of 2011. Across the nation, the auto club is now providing Ga. retail gas prices inch up another two centsall 406 news articles »
Fox NewsOil prices dipped last week, but Georgia's price per gallon of gasoline rose 6 cents, according to AAA Auto Club South. Gasoline is now averaging $3.71 a gallon, up from $3.63 a week ago, $3.45 a month ago and $2.74 a year ago. Gas prices jump 11 cents in Rhode IslandGas prices top $4 a gallon around nationGa. gas prices inch closer to $4.00 with increase - -all 1,596 news articles »
