The national average price for a gallon of gasoline climbed to a nine-month high on Wednesday:
The price of oil—which is refined into gasoline—continues its push upwards, with the West Texas Intermediate, a national crude oil benchmark, hitting a three-month high this week at nearly $81 per barrel, while the international benchmark Brent Crude Oil hit an eight-month high at more than $83.Prices are cheapest throughout the South and Appalachian Mountain states, which typically boast cheaper gas prices through a combination of lower gas taxes and their closer proximity to oil refineries.
Despite maintaining comparatively low prices this summer, however, states throughout the South have seen some of the biggest price spikes over the past month, led by Florida, which has seen an increase of 54 cents per gallon over the past month, to $3.82, on average. The average price in Georgia skyrocketed by 41 cents over the same time period, to $3.63, while South Carolina’s average price increased by 39 cents to $3.53 and Louisiana, Mississippi and Alabama all saw increases of 35 cents.
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