After months of decline, gas prices jump

Motorists saw pump prices jump more than a dime last week. The national average price for a gallon of regular unleaded rose 12 cents in seven days. The state averages also rose 13 cents in Florida and 10 cents in Georgia.

"Gas prices increased due to a series of refinery issues in the Midwest and a rise in crude oil prices," said Mark Jenkins, spokesman, AAA. "Gasoline and oil prices quickly rose mid-week, but stabilized through the weekend.

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"Global oil prices should continue to register multi-year lows with supply outpacing demand, and barring any events that cause the global price to increase substantially, AAA expects that the U.S. average will remain below $3 per gallon throughout 2015," Jenkins said. "However, the next several months are likely to be very volatile for oil and gas prices as demand increases and refineries enter maintenance season."

It is not uncommon for gas prices to increase 30-50 cents per gallon between early February and the middle of spring. Gas prices in February have increased during the previous five years by an average of 22 cents per gallon.

Prices typically remain volatile through the summer, before dipping in the fall.
 


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This Emmy Award-winning television, radio and newspaper journalist has anchored The Morning Show for 18 years.

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