AAA: Gas Prices in Florida Continue to Increase With State Average Closing in on $5 a Gallon

AAA released a report on gas prices this week. The average gallon of gas in Florida cost $4.89 at the start of the week, up 17 cents a gallon from the start of last week, but, for the moment, below the national average of $5.01 a gallon.

“The national average price for gasoline exceeded $5 a gallon over the weekend. The average price is also above $5 a gallon in 21 states and the District of Columbia. Florida’s state average has not exceeded the $5 threshold, yet it’s not far off,” AAA noted. “Florida gas prices averaged $4.89 per gallon on Sunday. The state average set another record high after increasing 17 cents per gallon during the past week.

“Florida gas prices are now 65 percent more expensive than a year ago. On average it costs $72 to fill an average-sized 15-gallon tank of gas. That’s $28 more than what drivers paid this time last year. Although the state average remains below $5 a gallon, drivers in South Florida are already beginning to see regular unleaded prices above $5,” AAA added.

“The unprecedented pain at the pump continues to worsen after oil prices reached new multi-month highs, last week,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “The reason remains the same – ongoing concerns that global fuel supplies can not keep pace with rising fuel demand. Oil production was already tight coming out of the pandemic. Now competition for fuels has increased, as most of the world seeks alternatives to Russian output. The uncertainty about when conditions…normalize has kept upward momentum on prices at the pump.

“The continued uncertainty surrounding global supply and demand has made it extremely difficult to pin down any realistic expectations on when drivers will see meaningful relief from sky-high gas prices,” Jenkins continued. “The Florida average price for gasoline is likely to exceed $5 a gallon this summer, if not before the end of June. From there, drivers should expect gas prices to continue fluctuating throughout the rest of the year.”

The West Palm Beach – Boca Raton area is already seeing prices higher than $5 a gallon with the average gallon of gas costing $5.01 in that market, making it the most expensive place in the state to buy gas. Fort Lauderdale saw an average of $4.93 a gallon followed by Port St. Lucie at $4.92 a gallon.

The Crestview-Fort Walton Beach had the least expensive gas in the state with an average of $4.68 a gallon followed by Pensacola at $4.69 a gallon and Panama City at $4.73 a gallon.

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