Markets

Gas prices hit levels not seen since 2015

Gas prices hit levels not seen since 2015

The average price for a gallon of regular gas in the Bradenton-Sarasota-Venice market was $2.57 on Monday, up less than a penny from last week and 6 cents higher over the month, AAA reported. In Sacramento, the average was $3.42 a gallon, a 16-cent spike in one month and nearly 52 cents higher than this time past year.

While gas prices in Southwest Florida remained flat over the week, the USA average is higher than it has been in more than two years, AAA reported Monday.

Patrick DeHaan, the head of petroleum analysis for GasBuddy, said gas prices have peaked in mid-May the past few years as refineries finish the transition to a more-expensive summer blend.

Data released from the Energy Information Administration last week showed a 3.3 million barrel rise in crude oil inventories and a small 500,000 barrel rise in gasoline inventories as refiners increased inputs to 93.5% of capacity.

According to GasBuddy, states where prices moved most last week were: MI (up 12 cents); Utah (up nine cents); Idaho and Nebraska (up eight cents); and Georgia, Illinois, West Virginia, Missouri, Texas and Tennessee (up seven cents).

But Milani says in addition to the usual spring bump in fuel prices, a steep rise in crude oil prices will also begin impacting the prices you see at the pump.

Look for already-high gas prices to spike following Friday's air strikes against Syria by the United States and its allies.




Florida's average price is $2.62 a gallon.

Only 27 percent of gas stations are selling fuel for less than $2.50 per gallon, AAA Tidewater said.

DeHaan said refinery maintenance has gone well so far, gasoline supply has continued to increase and the transition to summer gasoline supplies is nearly finished.

$3.06/g in 2017, $2.60/g in 2016, $3.08/g in 2015, $4.31/g in 2014 and $4.38/g in 2013.

States with the lowest average gasoline prices: Missouri ($2.42), Oklahoma ($2.43), Arkansas ($2.43), MS ($2.45), SC ($2.46), Louisiana ($2.47), Kansas ($2.48), Texas ($2.48), Alabama ($2.49) and Wyoming ($2.50).

Gas prices are continuing to rise in Decatur and the state.