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HomeNewsAAA reports Gas Prices reach 50 Day High

AAA reports Gas Prices reach 50 Day High

AAATampa, FL – Gas prices are on the rise as Americans prepare for a Labor Day road trip. The average price for a gallon of regular unleaded is 14 cents more expensive than last week in Florida, and 9 cents more expensive in Georgia and Tennessee.

Motorists going to the pump will find the highest prices in more than 50 days.

Higher oil prices push gas prices up.
Higher oil prices push gas prices up.

“Gas prices are responding to upward pressure from higher oil prices, refinery issues, and the threat of tropical weather moving into the Gulf of Mexico,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Fuel prices are likely to remain relatively volatile this week, but that’s unlikely to be a major deterrent for travelers heading into Labor Day weekend.”

Labor Day is traditionally the third-most traveled holiday of the summer travel season. An average of 30.3 million Americans took a road trip during the past two Labor Day holiday weekends. During last year’s holiday, a gallon of regular unleaded averaged $2.29 in Florida and Georgia, and $2.14 in Tennessee. Should this year’s prices remain below last year’s levels, they would be the lowest Labor Day gas prices since 2004.

Regional Prices Rising

  • Florida – 14 cents more than last week, 13 cents more than a month ago, 9 cents less than a year ago, $1.14 less than this time in 2014
  • Georgia – 9 cents more than last week, 16 cents more than a month ago, 18 cents less than a year ago, $1.19 less than this time in 2014
  • Tennessee – 9 cents more than last week, 13 cents more than a month ago, 15 cents less than a year ago, $1.18 less than this time in 2014

Gas prices have risen for 11 consecutive days in Florida (15 cents), 10 consecutive days in Georgia (13 cents), and 13 consecutive days in Tennessee (14 cents). The two main reasons for rising gas prices are higher crude oil prices, which are 16% more expensive than three weeks ago; and an assortment of refinery production problems, especially in the U.S. Gulf Coast where most of the country’s gasoline is produced.

Wholesale prices rose 5 cents late last week amid concerns that the low pressure tropical system – south of Florida – would move into the Gulf of Mexico as a hurricane, threatening refineries along the gulf coast and disrupting fuel shipments to Florida.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year
Ago
Two Years
Ago
National $2.214 $2.212 $2.158 $2.142 $2.511 $3.434
Florida $2.227 $2.227 $2.091 $2.095 $2.323 $3.374
Georgia $2.149 $2.138 $2.058 $1.988 $2.332 $3.337
Tennessee $2.039 $2.036 $1.946 $1.910 $2.192 $3.220
Click here to view current gasoline price averages

 

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, travel, insurance and financial services offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.

ACG belongs to the national AAA federation with more than 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

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