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Gas Prices Down And Then Up

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By Al Sunshine, SouthFloridaReporter.com, Consumer Investigator, Oct. 12, 2015 – If anyone thinks Gas Prices go up and down randomly, think again.

A few weeks ago, it was “Refinery Maintenance” that boosted prices.

Add in Geopolitics, Russia/Syria tensions and gas prices are suddenly up 7 cents a gallon here in Florida according to Triple-A.

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Depressed global oil prices. How do you raise them?

Stir up the mid-east. Few realize the economic war being waged against the U-S now, and the cyber attacks to destabilize our economy, markets and global business operations.

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TAMPA, Fla. — Elevated demand and seasonal refinery maintenance kept upward pressure on the price of gasoline last week. The national average price for a gallon of gasoline rose 2 cents from last week, while average prices jumped 7 cents in Florida, 1-cent in Georgia and 3 cents in Tennessee.

Gas prices could remain volatile as refinery maintenance season continues, which leaves supplies tightened while gasoline demand remains high. The good news for motorists is that prices are still forecast to slip back toward $2 a gallon by the end of the year.”

The national average price of gas has fallen in October for three years in a row.

Even though driving should decline from summertime highs through the end of the year based on typical seasonal trends, 2015 could go down as the busiest driving year of all time.

Oil prices moved higher last week due to geopolitical tensions and a weakening dollar. Russia has increased its presence and engagement in Syria causing unrest and turmoil in the region which could disrupt and/or limit supply.

Al Sunshine is a South Florida-based Broadcast and Digital Journalist whose career has spanned more than 40 years at the local and national levels. His award-winning investigations have triggered more than a dozen state and local consumer protection laws and his work’s been cited in Congressional Testimony before the U-S House of Representatives. He is best known for his “Shame On You” features for CBS Miami which sought to expose businesses, agencies and individuals defrauding or deceiving consumers, as well as endangering the safety and welfare of the general public. In 2013 Al retired from CBS Miami to set up his own Digital News Business, “Sunshine News, LLC” and Al continues to blog for the Radio, Television, Digital News Association, sponsors of the prestigious Edward R. Murrow Awards”. An avid environmentalist, Al is one of the founding members of the “Miami Pine Rocklands Coalition”. The Florida Non-Profit is fighting to save and restore the last 2% of Pine Rocklands found only in South Florida and nowhere else in the continental United States. Al was recently elected its President.