Gas Prices Surge Across Florida After Texas Hit by Severe Winter Weather

The severe winter weather that hit Texas led to gas prices rising across Florida, a new report from AAA finds.

“Florida gas prices shot up last week, as arctic weather wreaked havoc on the Gulf Coast refinery region and caused a surge in fuel prices. Power outages knocked gasoline refineries in Texas and neighboring states offline and interfered with fuel shipments out of the area,” AAA noted. “Much of Florida’s gasoline comes from refineries in Texas, Louisiana and Mississippi. So an interruption to the supply line there has a direct impact on prices here. However, Florida is not alone. This region is a major source of gasoline in the United States, accounting for more than 45 percent of total U.S. petroleum refining capacity. This storm reportedly impacted a little more than half of refinery capacity in the Gulf Coast region.”

On Sunday, the average gallon of gas in Florida cost $2.61, up from $2.45 a gallon at the start of last week. The national average jumped from $2.51 a gallon at the start of last week to $2.63 a gallon on Sunday.

“This pump price hike is similar to what you’d expect if a hurricane struck the gulf coast region,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Just like the aftermath of a hurricane, workers are working to return to normal operations. Any reports of extended downtime or significant supply impacts could cause another round of rising prices.”

The West Palm Beach – Boca Raton area saw the most expensive gas in Florida with an average of $2.71 a gallon in that market followed by Fort Lauderdale at $2.64 a gallon and Ocala at $2.63 a gallon.

Panama City had the least expensive gas in the state with an average of $2.52 a gallon, followed by the Crestview-Fort Walton Beach area at $2.54 a gallon and Pensacola at $2.57 a gallon.

 

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