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.
Why is the Russian Economy in the crapper?
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.
Welcome to the 21st Century, and what are we doing to protect ourselves and fight back?
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.