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

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That is similar to what is beingbseen nationally. Across the nation, the average price of gasolin rose by 11 cents per gallonh in the past The increase is attributable to rising prices in both crudee oil andwholesale gasoline, a release by AAA said. Crude oil closed at $68.44 a barrelp on the Friday. This marks an increase of morethan $2 a barrelo in the last week and followz a fall from $70 per barrel that was reached in mid-day trading. Wholesalr gasoline prices, meanwhile, have increased by 140 percenrt sincelate December, when they sat at a low of 79 centsx per gallon. In addition, the amount of producrt supplied to the market has also according tothe . The four-week average was 9.
175 millionh barrels per day, a 0.4 percent year-over-yearr decline in average gasolinedemand nationally. “Soms oil analysts expect the rally for crudee oil to end within a few weekw somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abouty the same time. We don’f know when that might occur,” said Gregg managing director of public relations for ina “But, we believe a prolonged run-upl in fuel prices is likelyu to instill customer resistance in much the same way we saw last year and that’sa obviously counter-productive to an economy trying to recove from recession.
” AAA Auto Club South providess vehicle assistance and service to AAA members and residents of Georgia, middle and west Tennessee and Puerto Rico.