Gas prices jump 12 cents in 14 days

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HOLT, Fla., May 23, 2018—This could be an expensive Memorial Day weekend for motorists.

Gas prices jumped 12 cents during the past two weeks and six-cents since May 14, landing the national average at $2.93—the highest price point going into the Memorial Day weekend since 2014.

“AAA forecasts nearly 37 million travelers will hit the road for the holiday weekend. Compared to an average of the last three Memorial Day weekends, pump prices are nearly 50 cents more expensive and climbing,” said Jeanette Casselano, AAA spokesperson. “Trends are indicating that this summer is likely to bring the national average to at least $3 a gallon.”

Today, 14 states tout an average of $3.00 or more.

Following the previous week’s 10-cent increase, Florida’s gas price average held steady on the week at $2.82.

The lowest gas prices in this area are found at the Tom Thumbs and CEFCO at $2.89, 4 cents below the national average.

However, all other states are seeing prices continue to climb with the start of the work week.

The South and Southeast continue to tout the cheapest gas in the country, but prices are at least 50-cents more expensive than this time last year.

AAA news release

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