Gas prices rise again

Average retail Fort Wayne gas prices have risen 14.8 cents a gallon in the last week, to $2.56 on Sunday, GasBuddy.com said today. The price in New Hampshire went up 3.1 cents to an average of $2.53 a gallon.

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $66.14 per barrel, $2.77 cents higher than the previous week and rising $2.24 since Monday's close, Wilmington-based AAA-Mid Atlantic reported.

At $2.58, the national gas price is four cents more expensive on the week.

"There appears to be a recipe for even higher gas prices brewing", AAA spokesman Mark Jenkins said.

"Without gas prices falling, the current price environment may be the floor for what could become a more expensive year than anticipated", DeHaan said.

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US crude stocks fell for a record 10th-consecutive week, reaching the lowest level since February 2015, according to the Energy Information Administration.

Broward County motorists could still find gas for $2.49 in about a dozen scattered stations, although a small price skirmish broke out on East State Road 84 in Fort Lauderdale, just east of Interstate 95, with a Marathon and a Valero priced at $2.45 and a RaceTrac close behind at $2.47. That means gas prices are up too, and they could be going a lot higher.

The price of gasoline inched up again last week in Valdosta, according to statistics. Crude oil has been selling at very expensive rates the past few months.

Perhaps of some solace: The Bradenton-area average of $2.51 per gallon on Monday was among the lowest in the state, trailing Jacksonville ($2.48), Tampa-St. "It's unclear exactly how the market will absorb these shifting fundamentals, but motorists may want to be ready".

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