Home News “Still feeling the high after last week’s hike at the pumps”

“Still feeling the high after last week’s hike at the pumps”

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“Still feeling the high after last week’s hike at the pumps”

Prices on the pump are still high after a 13-cent increase early last week, in accordance with the AAA-The Auto Club Group.

By midweek, the state average hit a brand new 2024 record with prices at $3.64 per gallon. Florida’s state average settled at $3.58 per gallon by Sunday after dropping 6 cents following the spike.

“Volatility within the oil market has greatly contributed to rising prices on the pump in recent weeks,” spokesman Mark Jenkins said.

“Oil prices have been reacting to rising geopolitical tensions between Israel and Iran,” he added, “and OPEC’s decision to increase production cuts, in an effort to crimp global fuel supplies.”

The worth of oil largely contributes to the value of gas, in accordance with an AAA-The Auto Club Group news release. At first of the 12 months, the value of oil averaged around $75 per barrel.

“Since mid-March, the value of oil has averaged nearly $84 per barrel,” it said. “During that very same time, the state average has mostly remained above $3.50 per gallon.”

What are gas prices in Florida?

  • Most costly metro markets – West Palm Beach-Boca Raton ($3.77), Naples ($3.71), Homosassa Springs ($3.65)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($3.29), Panama City ($3.31), Pensacola ($3.32)
  • Day by day gas price averages will be found at Gasprices.aaa.com

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