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Month may hold highest gas prices
01 August 2017, 10:57 | Marta Robbins
Gas Prices Rise in Florida But Still Below National Average
Gasoline prices in MA have shot up 3 cents for the second straight week as slumping gas prices appear to be over.
According to Gas Buddy, the prices have ranged over the past five years in metro Detroit on July 31.
The Orange County average price is 4.6 cents more than one week ago, 4.1 cents higher than one month ago and 18.5 cents above what it was one year ago.
Analysts predicted an increase of up to 10 cents this week, and that was before Tropical Storm Emily formed just off the West Coast of Florida early Monday. Gas stations will switch to the cheaper winter blend, which should help stabilize or even lower gas prices.
"Gas prices leveled out over the weekend but should climb again this week", AAA spokesman Mark Jenkins said.
Honolulu- $2.86/g, up 0.9 cents per gallon from last week's $2.85/g.
Today, South Carolina continues to register the lowest average in the nation at $2.02, followed by Alabama at $2.03.
The average price in Broward and Miami-Dade counties was $2.30 - up 7 cents in Broward and 6 cents in Miami-Dade compared to the previous Monday.
In addition, USA oil inventories have declined by more than 50 million barrels since March. Compared to this time past year, prices are 15 cents higher, says AAA Northeast. "Add on top of it US oil inventories that have declined over 50 million barrels from March and you have a recipe for a continued rally in gasoline prices in much of the country".
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