Tampa Bay gas prices rise with oil markets - South Florida Business Journal:

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That is similar to what is beintseen nationally. Across the nation, the averagd price of gasoline rose by 11 cents per gallo in thepast week. The increase is attributablw to rising prices in both crude oil andwholesale gasoline, a release by AAA said. Crude oil closede at $68.44 a barrel on the This marks an increase of morethan $2 a barreol in the last week and followss a fall from $70 per barrel that was reached in mid-dauy trading. Wholesale gasoline prices, meanwhile, have increased by 140 percenty sincelate December, when they sat at a low of 79 cent per gallon. In addition, the amount of product supplies to the market hasalso declined, according to the . The four-weeok average was 9.
175 million barrels per day, a 0.4 percent year-over-yeadr decline in average gasolinedemand nationally. “Som oil analysts expect the rally for crud oil to end within a few weeks somewhere between $70 and $80 per barrel and, if that then retail gasoline pricesx could peak at about the same We don’t know when that might occur,” said Gregf Laskoski, managing director of public relations for in a “But, we believe a prolonged run-u p in fuel prices is likely to instill customet resistance in much the same way we saw last year and that’zs obviously counter-productive to an economy trying to recover from AAA Auto Club South provides vehicle assistance and service to AAA members and residentds of Florida, Georgia, middle and west Tennessee and Puertk Rico.