Both oil and
gas prices are increasing and expected to keep moving higher throughout the
month, according to AAA's Daily Fuel Gauge Report.
have already seen gas prices jump 5 to 15 cents per gallon.
average price of regular unleaded gasoline is $3.51, which is up 16 cents from last
week. Georgia's average rose from $3.45 to 13 cents.
Fuel Gauge Report attributes the faster than expected price increase to a
positive economic outlook, supply issues, refinery maintenance, and preparation
for the summer fuel.
can expect to see gas prices increase this month," said Jessica Brady, AAA
spokeswoman of The Auto Club Group. "Refineries have started to
prepare for maintenance season and the switch from winter to summer grade
gasoline. Refinery output has already seen a reduction. In addition,
positive economic news has led to an increase in oil prices which also
translates to higher prices at the pump."
A barrel of
oil closed Friday at $97.77 on the New York Mercantile Exchange, that's $1.89
more than previous week.