By Jacksonville Business Journal

Jacksonville gas prices rose 1 cent over the past week and AAA expects them to remain stable this week.

The average cost of a gallon of regular gas is $3.09 in Jacksonville, up from $3.08 a week ago; $3.15 in Florida, up from $3.14; and $3.11 nationally, up from $3.10. The Jacksonville price is 9 cents higher than a month ago and 36 cents higher than a year ago.

⿿While investors flirted with oil prices above $95 a barrel, they have been unable to sustain a price higher than $92 during the month of January,⿝ said Jessica Brady, public relations manager of AAA Auto Club South. ⿿This is not too surprising since demand typically slows this time of year as consumers travel less.

â¿¿On average, the U.S. consumes 19 million barrels of oil a day and consumption is expected to increase by 240,000 barrels in 2011 as the economy recovers.

⿿Retail gas prices showed minor increases last week of no more than 2 cents a gallon and are expected to remain fairly stable again this week.⿝

Copyright 2011 American City Business Journals

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