Listen Live on  
 

NewsRadio WIOD

Miami's News, Traffic and Weather Station 24/7
 
 

Gas Prices Higher Than They Have Been In More Than A Year

 
Posted Monday, April 21st 2014 @ 6am

 

 

Gas prices are spiking.

 

The latest Lundberg Survey finds the national average price of regular jumped eight and a half cents a gallon in the past two weeks, to more than three-69 a gallon.

Gas prices usually peak in the spring.  During the last three years, prices peaked in February 2013, April 2012 and May 2011.  Summer prices become more volatile-influenced by demand, geopolitical tension and natural disasters. 

Typical spring fundamentals and geopolitical conflict will strongly dictate how prices move in the coming weeks.  Refineries in the Gulf of Mexico that reduced output during maintenance season are returning to full operation.  But any unexpected setbacks could cause prices to spike.

Tension between Russia and the Ukraine continues to place upward pressure on the price of oil.

Credit-TIMOTHY CLARY / 2014 AFP

 

 

 

 

 

 

 

 

  

Recommended Stories

More from NewsRadio WIOD

*