Gas prices rise 11 cents in a week - Atlanta Business Chronicle:

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“Some oil analysts expect the rally for crude oil to end withinm a few weeks somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abouyt the same time. We don’t know when that mighf occur,” said Gregg managing director of public relations for AAA Auto Club The average price of a gallon of regular unleaded in Floridaais $2.58, up from $2.47 a week ago. Last Floridians were paying 41 cents lessper gallon. gas prices are still down from last when the average price of a gallo n of regular wasnearing $4. Wholesale gasoline prices have increased 140 percent sincethe Dec. 24 low of 79 centxs a gallon, according to AAA.
In South Florida, West Palm Beac recorded the highest price, at $2.68 for a gallo of regular. The average price in Miami is while inFort Lauderdale, it’s $2.64. “Wee believe a prolonged run-up in fuel pricesa is likely to instill consumer resistance in much the same way we saw last yearand that’ws obviously counter-productive to an economy trying to recover from Laskoski said.