US EditionAAA: Florida Gas Prices Surge 84 Cents in 12 Days, More Increases Possible
Florida drivers face highest gas prices since August 2023, with an average of $3.72 per gallon amid rising crude oil costs linked to Iran conflict, AAA reported.
- On Sunday, AAA reported Florida's state average rose 84 cents in 12 days to $3.72 per gallon, with local prices from $3.40 in Okaloosa County to $4.02 in Monroe County.
- The spike follows the conflict beginning Feb. 28, as oil markets price in risks tied to Iran and Kharg Island, a strategic oil facility near key routes carrying 20 percent of global oil.
- Futures activity revealed gasoline futures jumped 29 cents last week and 96 cents over two weeks, underpinning retail price increases, as oil briefly reached $99 a barrel early Monday.
- Jenkins said Florida drivers should brace for more hikes this week as the 12-day surge added about $12 to filling an average tank, reflecting regional variation.
- GasBuddy's Patrick De Haan warned there is no clear ceiling on oil prices and projected near-term national averages could reach $3.80 to $4 if tensions escalate around Kharg Island.
24 Articles
24 Articles
Florida Gas Prices Jump 84 Cents Amid Global Oil Market Volatility
Florida gas prices have surged 84 cents over the past 12 days, reaching a statewide average of $3.72 per gallon on Sunday as volatility in global fuel markets continues to push pump prices higher. According to AAA, the increase marks the fastest pace of gas-price growth in Florida in four years and brings the state’s average to its highest daily level since August 2023. The latest average is 27 cents higher than a week ago, 84 cents higher than …
FlaglerLive
Florida Gas Average Up 29 Percent In Two Weeks
Pump prices in Florida increased 27 cents over the past week and have grown 82 cents since the on-going war with Iran began. In Palm Coast, gas on Monday was selling for $3.75 at Wawa and $3.99 at RaceTrac on State Road 100, with different stations offering $3.75, $3.79, $3.89 and $3.99 along Palm Coast Parkway, according to GasBuddy. The post Florida Gas Average Up 29 Percent In Two Weeks appeared first on FlaglerLive.
The fall in Monday's oil price would be temporary and a sharp increase could occur in the coming weeks.
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