Wednesday, November 15, 2017

AAA: U.S. Gas Prices Jump 9 Cents In 1st Half Of November, Florida Up 13 Cents


At $2.56, the national gas price average has increased nine cents inside of 13 days, according AAA.

The nation’s top ten states with the largest weekly changes are Florida (+13 cents), Indiana (-13 cents), Alaska (+12 cents), Ohio (-10 cents), Georgia (+7 cents), Oregon (+7 cents), North Carolina (+6 cents), Illinois (-6 cents), Texas (+6 cents) and South Carolina (+6 cents).


“Compared to the first half of November last year, gas prices this November are on average 39-cents more expensive,” said Jeanette Casselano, AAA spokesperson. “However, while November gas prices have come in like a lion, AAA expects them to go out like a lamb.”

Strong fall consumer gasoline demand has continued into November and is chipping away at national gasoline inventory. The Energy Information Administration (EIA) reports total gasoline inventories dropped by 3.3 million bbl in their latest report.