Ouch at the pump! Gas prices hit three-year high

Local gas prices jump to three-year high

AAA put the state average at $2.74 a gallon of regular gas Sunday, up 11 cents from a week ago and 28 cents higher than a year ago.

The average price in Florida reached $2.73 on Thursday - the highest since December 2014 - then rose another penny over the weekend to $2.74.

Sunday's state average of $2.66 was 10 cents less than the national average and 38 cents more than this time a year ago.

Gas prices across the United States leaped above $3 per gallon in 2010 and stayed there for more than four years, at some points crossing the $4 threshold.

"The road ahead at the pump looks quite ominous if that demand number proves common in the coming weeks", DeHaan said.

"With President Trump's tweet last week targeting the price of oil, there may be additional scrutiny on oil prices in the coming weeks that bears monitoring", DeHaan said.

Drivers in the Mid-Atlantic region and across the country are paying more at the pump as stations switch over to summer blend fuel and oil prices continue to climb.

The shift to higher-cost summer-grade gasoline is nearly complete, and higher oil prices are already mostly built into the price at the pump.

The average cost for a gallon of gas in the Bradenton-Sarasota area is the priciest it has been in more than three years, and analysts are predicting that rates will continue to rise as the summer approaches. MI is 12th in the nation for most expensive average daily gas price.

Americans are finding some of the most expensive gas prices in years, according to the auto club AAA.

Officials with AAA noted it now costs around $40 to fill an average-sized tank of gasoline.

"... gas prices should hit their annual peak within the next couple weeks", Jenkins said.

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