Gasoline prices have increased 24 cents per gallon from $2.461 on October 2, to $2.695 on October 30, according to AAA. Prices increased by a quarter a gallon in the metro area in the last month. In a reversal of fortune for consumers, gasoline prices are 15 cents higher than they were at this time last year at pumps across the nation. In fact, pump prices have reached their highest price level of the year.
Last year at this time gasoline prices were falling at a rate of more than 3 cents per day at self-serve pumps across the county. Now the opposite is happening. From coast to coast current prices are higher than they were last month, and for that matter, than they were a year ago today.