Florida gas prices hit $3.34 per gallon Sunday, 3 cents greater than the state common every week prior and three cents shy of this 12 months’s highest value level, in response to AAA — The Auto Club Group.

Mark Jenkins, spokesperson for AAA, mentioned in an announcement that fuel costs will seemingly develop even costlier this week or subsequent as a consequence of market and manufacturing shifts.

“Gasoline futures shot up 30 cents late final week. That’s an indicator that summer season mix gasoline has moved into the market,” he mentioned. “Drivers ought to count on a soar on the pump, however how a lot stays to be seen.”

Oil refineries swap from producing winter mix fuel to summer season mix between March and April, as required by the Environmental Safety Company, to chop down on smog. The distinction within the blends relies on Reid Vapor Pressure (RVP), which measures the volatility of petroleum merchandise.

Winter mix gasoline has the next RVP than summer season mix. In hotter months, fuels with the next RVP can boil in fuel tanks and evaporate, inflicting air air pollution.

A gas’s RPV relies on its substances. Winter mix has extra butane, which is cheap and extra plentiful however contributes to the next RVP. Summer time mix, in the meantime, makes use of much less butane and replaces it with different, extra expensive components that contribute to greater costs on the pump.

Usually, the swap to summer season mix causes a 15-cent value hike on the pump.

The fuel futures market has been bullish on the idea that OPEC and its allies would extend voluntary oil production cuts, which they did Sunday. The cuts, initially set to run out on the finish of March, will proceed till June to maintain upward strain on costs.

On Friday, the U.S. value for a barrel of crude oil settled at $79.97. That’s 5% greater than the week earlier than and the very best each day settlement since November.

The costliest metro marketplace for motorists to refuel in Florida was once more the West Palm Seashore-Boca Raton space, the place fuel value $3.52 per gallon on common, adopted by Naples ($3.42) and Fort Lauderdale ($3.40).

Drivers and motorcyclists may discover the most cost effective fuel in Panama Metropolis and Pensacola, the place the typical value per gallon was $3.12, adopted by the Crestview-Fort Walton Seashore space ($3.13).

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