Gas prices have jumped as much as 15 cents on the gallon at gas stations around Tampa Bay over the past several days.
Oil prices spiked to more than $50 a barrel after the Organization of the Petroleum Exporting Countries, or OPEC, agreed to reduce its output by more than 1 million barrels, according to an announcement from the day just after Thanksgiving. The cut will be enough to push oil supplies below demand sooner than expected.
The average price for a gallon of regular unleaded gasoline in Tampa Bay was $2.22 on Wednesday, according to AAA the Auto Group, which tracks gas prices across the country. That's up 9 cents from the average price the day before and more than 10 cents from a week ago. The average price per gallon for Florida on Wednesday was $2.28.
Some of the highest prices around Tampa Bay included $2.49 a gallon at the Sunoco at 818 W Platt St. in Tampa. But it's still possible to find gas as cheap as $1.99 gallon at some stations around town, including at the Mobil at 612 Lumsden Road in Brandon.
The average price for a gallon of gas in Tampa Bay a year ago was $1.94, according to AAA.
Gas prices have been on the rise since mid November. The sudden spike in prices last month came after a three-week decline in which prices briefly dipped below the $2 mark.
Analysts say that prices will likely continue to rise into next year.