NAPLES — Average retail gasoline prices in Naples increased 7.7 cents per gallon in the past week, averaging $3.62 per gallon Sunday.
Gas prices in Naples on Sunday were 46.9 cents per gallon higher than the same day one year ago and are 21.6 cents per gallon higher than a month ago, according to NaplesGasPrices.com.
This compares with the national average that has increased 4.5 cents per gallon in the last week to $3.39 per gallon. The national average has increased 13.5 cents per gallon during the last month and stands 30.4 cents per gallon higher than this day one year ago.
"Late last week, we saw wholesale gasoline prices rise dramatically on some refinery issues, which leads me to believe that retail gasoline prices will rise in response," said Patrick DeHaan, GasBuddy.com senior petroleum analyst. "We continue to also watch how Iran responds to EU sanctions. There are some concerns that they may cut oil to the European region before the sanctions are to take effect to cause these countries hardship when they can't find new sources of oil quickly enough. That in itself could draw crude oil prices higher quickly at a moments notice."