Fuel prices up — and some gas stations dry, analyst says

 

hsampson@MiamiHerald.com

A combination of supply issues and high demand for gasoline is sending prices up and leading to shortages for some Florida stations, according to a company that tracks fuel prices.

GasBuddy.com said the impact has been especially harsh on unbranded retailers such as Circle K and 7-Eleven, which have had a tougher time finding gasoline than major branded companies.

According to GasBuddy, supply has been stretched for several reasons: Florida is in the process of moving to “summer blend” gas; imports have been low; logistics have been complicated; ethanol has been scarce and demand in the Sunshine State has been high due to the brutal winter in other parts of the country.

In a report earlier this week, AAA said the national average price of fuel was $3.52 per gallon, the highest in six months. The organization said it expected that the national average would peak late this month or in early April between $3.55-$3.75 a gallon.

According to AAA’s daily fuel gauge report, the price of a gallon of regular fuel on Wednesday was $3.62, up from almost $3.55 a week ago and $3.46 a month ago.

Hannah Sampson

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