AAA: Geopolitical Tensions Will Make Gas Prices Rise in Florida

While gas prices in Florida have dropped in recent days, AAA warned on Monday that they could increase soon.

AAA released a report on Monday noting that the week began with the average gallon of gas in Florida costing $2.42, well below the national average of $2.64 and six cents lower than the start of last week.

But, AAA noted,  “geopolitical tensions and a potential thaw in the U.S.-China trade war caused crude prices to increase late last week” and that could impact prices in Florida.

“Drivers saw significant savings at the pump compared to a couple weeks ago,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “However, the state average could potentially rise a nickel by the end of the week, based on recent fluctuations in wholesale gasoline prices. Prices at the pump could rise even higher if the price of crude makes significant gains this week.”

Panama City and the West Palm Beach-Boca Raton area had the most expensive gas in Florida with prices averaging $2.55 a gallon followed by Gainesville at $2.48 a gallon.

The Tampa-St. Petersburg-Clearwater market had the least expensive gas in Florida with prices averaging $2.34 a gallon followed by Orlando at $2.35 a gallon and Jacksonville at $2.36 a gallon.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here