AAA: Gas Prices Not Moving in Florida Despite Rising Crude Oil Prices

Florida gas prices haven’t moved much, even as the price of crude rises to multi-year highs, a new report from AAA shows.

The average price for gasoline in Florida is $3.23 per gallon. That’s a cent more than a week ago and the same price as this time last month. The national average stood at $3.33 a gallon on Sunday.

“Oil prices have surged in 2022, but pump prices have been pretty flat so far,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “It’s possible that the seasonable downturn in gasoline demand has helped pump prices resist the upward pressure from the oil market. However, if oil prices keep logging weekly gains, it’s only a matter of time before that results in higher prices at the pump.”

The U.S. price for crude oil is on a 5-week streak of gains. So far this year, crude oil has risen as much as 14 percent. Wednesday’s settlement of $86.96 per barrel is $2/b more than the 2021 high, and the highest daily settlement since October 2014. Although the daily price of oil took a step back on Friday – settling at $85.14 – oil prices remain under heavy upward pressure due to ongoing global supply concerns.

The West Palm Beach-Boca Raton area had the most expensive gas in the state at $3.41 a gallon followed by Naples at $3.29 a gallon and Fort Lauderdale at $3.27 a gallon.

The Crestview-Fort Walton Beach area had the least expensive gas in the state at $3.14 a gallon, followed by Pensacola at $3.15 a gallon and Panama City at $3.16 a gallon.

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