Gas prices increase but remain below year-ago levles
by Press release--AAA
Jan 14, 2013 | 926 views | 0 0 comments | 5 5 recommendations | email to a friend | print
TAMPA, Fla. (Jan. 13, 2013) – Retail gas prices are still on an upswing and will likely increase throughout the end of the month. Since January 1, the national average has increased 2 cents, while gas prices in the Southeast have jumped an average of 8 cents.

While pump prices have increased since the start of 2013, both the national average and state averages in the Southeast are less than they were this time last year. Annually, retail gas prices are forecast to be less than they were in 2012. The annual average for a gallon of regular gas in 2012 was $3.60. This year, the annual average is forecast to be $3.44, according to the Energy Information Administration (EIA).

"Gas prices are expected to average less this year because of lower demand and increased domestic oil production," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "While gas is forecast to cost less this year, motorists will see prices inch up in the short term, before they stabilize and/or retreat."

A barrel of oil closed Friday at $93.56 on the New York Mercantile Exchange—47 cents more than the week prior.

The national average price of regular unleaded gasoline is $3.31, 1 cent more than last week. Florida’s average of $3.44 increased 5 cents from last week, Georgia’s average of $3.33 rose 1 cent, and Tennessee’s average of $3.20 increased 2 cents from last week, respectively. Visit AAA’s Daily Fuel Gauge Report to find national, state, and local metro market retail gasoline prices.

Current and past gas price averages: National:

Current-$3.307

Last week-$3.299

Last month-$3.286

Last year-$3.391

Florida:

Current-$3.442

Last week-$3.394

Last month-$3.290

Last year-$3.457

Georgia:

Current-$3.331

Last week-$3.324

Last month-$3.209

Last year-$3.367

Tennessee:

Current-$3.197

Last week-$3.182

Last month-$3.082

Last year-$3.259
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