Motorists continue to see higher prices at the pumps in New Jersey.
The $2.70 average in Palm Beach County was also three cents more than the previous Monday, AAA said. Heating oil rose 2 cents to $2.14 a gallon. That price would be 19 cents above last year's average and the highest average price since 2014.
The national average increased last week by 3 cents to $2.57 a gallon.
The rise in oil prices "could translate to even higher pump prices for drivers depending on consumer gasoline demand trends in the first few months of the year", AAA said in a Friday news release.
"One remaining beacon of hope is that domestic oil production would ramp up sooner than later, and end the upward momentum on oil prices", Jenkins said. Compared to one year ago, motorists in IN (+52 cents) top the list for the largest increase, while New Mexico (+15 cents) has seen the smallest increase in the country.
High oil prices are preventing gas prices from taking their seasonal winter retreat.
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The price of gasoline inched up again last week in Valdosta, according to statistics. During that time, oil prices tanked, falling from $106 per barrel to $45 per barrel.
Jenkins says that refineries in the Gulf of Mexico will start to conduct routine maintenance checks, which has historically decreased oil output and raised gas prices in a range of 30-75 cents.
Last fall, the Organization of Petroleum Exporting Companies resolved to cut production, and that has led to lower inventories and higher prices. "It's unclear exactly how the market will absorb these shifting fundamentals, but motorists may want to be ready".
AAA found gas selling for as low as $2.45 per gallon and as high as $2.66 in Rhode Island.
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