Local Gas Prices Continue To Rocket Upwards

March 13, 2008

gasprice01.jpgThe national average price for a gallon of gasoline has climbed to a new high of $3.24, and Florida’s average price for a gallon has risen to $3.29.

Rocketing oil prices shot above $110 a barrel for the first time ever on Wednesday. It ended up closing at $109.92 a barrel.

The average Pensacola area price, according to AAA, was $3.24, up about two cents from Tuesday. A month ago, that average $2.92. A year ago, the average Pensacola area price per gallon was $2.50.

The lowest price in the Pensacola area Wednesday night was $3.15 at Sam’s Club on Airport Boulevard, the second lowest priced station in the state according to www.floridastategasprices.com. Wednesday night in Century, a gallon of regular unleaded was at $3.24. In Davisville, it was $3.25. In nearby Atmore, AL, the lowest price we could find was $3.21.

Industry experts are saying gas could hit $3.75 a gallon by spring. Prices by summer are expected to creep even higher, leaving even more consumers cash-strapped as fuel prices rise and housing values drop.

Pictured: A gallon of regular unleaded gas in Davisville was $3.25 a gallon late Wednesday afternooon. NorthEscambia.com photos. Click to enlarge.

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