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Fuel costs in Florida shot up by final week to $3.48 per gallon Friday — 10 cents greater than the week prior and a brand new 2024 excessive, based on AAA — The Auto Club Group.
By Monday morning, the value had fallen a cent to $3.47. However the respite could not final, AAA spokesperson Mark Jenkins stated in a press release.
“The bounce on the pump might not be over but,” he stated. “Drivers could also be in line for an additional spherical of rising costs, after gasoline and crude oil futures rose to new 2024 highs final week.”
The U.S. value of crude oil rose 4% final week, reportedly attributable to issues about Ukraine’s attacks on Russian refineries. Crude’s closing value of $81.26 per barrel on Thursday was the very best since Halloween.
Gasoline futures, in the meantime, rose 19 cents final week, reportedly due to lower-than-expected weekly gasoline provide numbers. They completed 11 cents larger than the earlier 2024 excessive.
Different contributing components to rising gasoline costs, that are frequent within the Spring, embrace seasonal refinery upkeep, a swap to pricier summer blend gasoline and better gas calls for in March as residents hit the highway with Spring Breakers and Winter residents.
The costliest metro marketplace for gasoline in Florida is the West Palm Seaside-Boca Raton space, the place motorists are paying $3.65 per gallon on common, adopted by Naples ($3.53) and Fort Lauderdale ($3.53).
The most cost effective gas is in Panama Metropolis, the place drivers and motorcyclists are shelling out $3.24 per gallon, adopted by the Crestview-Fort Walton Seaside space ($3.26) and Pensacola ($3.28).
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