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Posted: 3:33 p.m. Thursday, Oct. 11, 2012
By Gene Wexler
JACKSONVILLE, Fla. —
Since October 6, the price for a gallon of gas in the city of Jacksonville has gone up about seven cents, and the trend seems to be continuing.
From October 10 to the 11, prices went up by nearly two cents a gallon overnight.
"I think the prices that we're seeing in Jacksonville reflect some tightness in supply for Gulf Coast refineries," said Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com.
Laskoski says we're seeing a slight reduction in refining output, according to this week's report from the Department of Energy.
The Gulf Coast numbers are about 88 percent when last week they were just about at 90 percent.
"It's well above the national average, but the national average has been impacted by extensive problems in California," Laskoski said.
By comparison, the West Coast refining figures are only at 83 percent capacity, according to Laskoski.
"By far they're performing worse than any other region in the country," he said.
Laskoski said when Gulf and East Coast refineries "kick it up a notch," it should be an indicator that we can expect to see prices go down.
"But until that happens, we really can't anticipate that," he said.
The average price for a gallon of gas in Jacksonville as of October 11 is $3.68. A week ago it was $3.61. A month ago it was $3.76.
The national average price for a gallon of gas as of October 11 is $3.80.
All statistics are attributed to GasBuddy.com
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