Make us your home page
Instagram

Why are Tampa Bay gas prices climbing?

The average price of gasoline in the Tampa Bay area climbed to $3.60 a gallon this week, up from $3.40 a month ago and the $3.30 range in January. Area prices are 3 cents below the statewide average but 4 cents above the national average, according to AAA.

What is driving prices up?

In Florida, seasonal residents are still around, and it's prime time for tourists, too. Baseball fans were also driving around the state catching spring training games. All that adds to demand, which can drive up prices. At the same time, refiners are taking plants off-line for regular maintenance, reducing the supply. A shortage of ethanol, which typically makes up 10 percent of gasoline blends, also likely contributed to the price increases.

Where are prices headed?

Don't fear $4 gas, AAA says. The price increases are expected to level off and begin to decline around mid April. But over the next couple of weeks, small increases may still be in the offing. AAA projects national gas prices to peak between $3.55 and $3.75, with Florida remaining in that range.

Why are Tampa Bay gas prices climbing? 03/31/14 [Last modified: Tuesday, April 1, 2014 8:14am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Equifax CEO Richard Smith steps down amid hacking scandal

    Personal Finance

    The chief executive of Equifax, the troubled credit reporting agency that suffered a massive data breach that affected as many as 143 million people, will retire, effective Tuesday, according to a statement by the company.

    Richard Smith, chief executive of Equifax, the troubled credit reporting agency that suffered a massive data breach that affected as many as 143 million people, will reportedly retire effective Tuesday.
[File photo: Joey Ivansco/Atlanta Journal-Constitution via AP]
  2. Bass Pro acquires Cabela's for $4 billion

    Retail

    Bass Pro Shops has acquired competitor Cabela's for a reported $4 billion. Bass Pro indicated it is seeking to appeal to all "outdoor enthusiasts" with the move, roping in hunting customers from Cabela's.

    Bass Pro Shops acquired Cabela's for $4 billion, Bass Pro announced Tuesday. | [JAMES BORCHUCK | Times]
  3. Tampa International named among least expensive airports

    News

    TAMPA — Florida airports apparently have a knack for getting it done cheaply.

    According to RewardExpert, Tampa International Airport is the fifth least expensive domestic airport. 
[CHARLIE KAIJO   |   Times
 file photo]

  4. Tampa-based vXchnge secures $200M loan to expand operations

    Corporate

    TAMPA — Tampa-based vXchnge, which operates data centers in 14 metro areas, has secured a loan for roughly $200 million for "major expansions and enhancements."

    Tampa-based vXchnge, a data center provider, secured a $200 million loan. Pictured is CEO Keith Olsen. | [Courtesy of vXchnge]
  5. No toll lanes north of downtown Tampa in three of four interstate proposals

    Transportation

    TAMPA — Express lanes may not be coming to downtown Tampa after all. Or at least not to the stretch of Interstate 275 that goes north through Bearss Avenue.

    Seminole Heights resident Kimberly Overman discusses the new interstate options with V.M. Ybor resident Chris Vela (left), Hillsborough County Commissioner Pat Kemp and HNTB consultant Chloe Coney during a Tampa Bay Express meeting Monday night at the Barrymore Hotel. [CAITLIN JOHNSTON  |  Times]