Gas prices continue climbing - Silicon Valley / San Jose Business Journal:

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reports that a gallon of regular rose 6 centxs in Florida during the week endedMay 30, hittiny $2.48. That is 40 cents more than a montj ago, but a long way from the $3.976 a gallon selling price a year ago. In the price was $2.42, nearly 40 cents higher than $2.04 a montgh ago, according to AAA. However, gas was sellingv for $3.89 a year ago in Nationally, the average cost of a gallon of regulaewas $2.50, 8 cents more than a week The cost of crude oil is the key factord in the increase. Crude closed at $66.31 a barrel on the last week, up $4.64 over the pric e a week earlier. Economists speculate that signe of an economic recovery could be driving thepricee increase.
As the economy rebounds, demanc for fuel is likely to increase. Tom Kloza, publishedr of , said that the current high pricee of gasoline is unlikely to since the current price is beingv pushed by a run up in crudwe oil prices and not an increase inconsumee demand.