Business

Nothing lasts forever. Gas prices went up this week

Gas prices increased by 3 cents per gallon in Florida from last week.
Gas prices increased by 3 cents per gallon in Florida from last week. AP

The streak is over.

After 62 days of declining gas prices, a surge in oil costs has pushed retailers to up the price per gallon by an average of 3 cents in Florida.

“More expensive oil prices caused wholesale gas prices to rise 6 cents, directly leading to the increases at the pump,” said Mark Jenkins, spokesman for AAA. “However, wholesale prices slipped 3 cents mid-week, allowing retail prices to stabilize over the weekend. Gas prices are likely to remain volatile through the rest of the month, but stay low through the rest of the year.”

In the Miami area, gas prices continued to slide, with a 1.7-cents-a-gallon dip in the past week, according to GasBuddy.com. A survey by the fuel analysis company showed that the average price per gallon in the area, based on a survey of nearly 1,700 stations, was $2.20 on Sunday. Other areas of Florida were up, including Naples and Sarasota.

In Florida, the average price of gas was $2.08 per gallon Sunday, which is below the national average of $2.13 per gallon. Last week gas was $2.05 per gallon in Florida.

"As oil prices have continued to lift, gasoline prices may see additional slight increases in some parts of the country again this week, but overall, gasoline and diesel prices remain very low considering we're nearing the conclusion of the summer driving season,” said Patrick DeHaan, GasBuddy’s senior petroleum analyst.

Even with the slight increases, gas prices are still 5 to 10 cents less than a month ago, and at least 35 cents less than a year ago.

Carli Teproff: 305-376-3587, @CTeproff

  Comments