News Column

Gas Prices Jump 16 Cents a Gallon in Metro Orlando

Feb 18, 2013

Sara K. Clarke

gas prices

It's not in your head -- gas prices have spiked significantly in the past few weeks, and prices are expected to continue to rise for several more weeks.

Auto Club AAA said gas prices nationally have surpassed year-ago levels, reaching an average of $3.71 for a gallon of regular, unleaded gasoline. But in Metro Orlando and Florida, prices are even higher -- averaging $3.75 locally and $3.78 across the state.

In the past week alone, gas prices in Orlando have jumped nearly 16 cents.

AAA attributed the spike to multiple factors, including a severe snowstorm in the Northeast, as well as continued concerns over Iran's nuclear efforts and economic news. Prices typically do rise higher at this time of year, due to refinery maintenance and the switch to a more expensive blend of "summer" gas.

"Motorists can expect gas prices to rise throughout March and into April," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "Although there are a few factors that could cause oil prices to stabilize this week, it's likely gas prices will increase. So far, market trends and price fluctuations at the pump have been similar to 2011 and 2012, leading analysts to believe prices will peak in April before they retreat."

In Metro Orlando, gas prices began to spike at the end of January, and have climbed 40 cents a gallon since then.



Distributed by MCT Information Services



Source: (c) 2013 The Orlando Sentinel (Orlando, Fla.)


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