Gasoline prices take off in Southwest Florida

CREATED Feb. 24, 2014

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CAPE CORAL, Fla. - Gasoline prices rose dramatically over the last week across Southwest Florida.  Prices in the Fort Myers area went from $3.39 a gallon of regular unleaded to an average of $3.49.

Gas Buddy reports the average retail gasoline prices in Naples have risen 5.5 cents per gallon in the past week, averaging $3.55. This compares with the national average that has increased 5.0 cents per gallon in the last week to $3.40.

AAA cites the freezing weather bolstered demand for heating fuels like natural gas and propane, which are derived from crude oil and used to heat homes in the northeastern United States. The spike in demand for these fuels tightened supplies, placing upward pressure on the price of oil.