Florida Gas Prices Hit $3.31 per Gallon

Welcome to the Sunshine State, where gas prices have been fluctuating like a rollercoaster ride! Florida’s gas prices have recently taken a slight dip, now sitting at $3.31 per gallon after hitting a peak of $3.37. What’s causing this seesaw effect? Let’s dive in.


Key Points:

  • Florida’s average gas price is currently at $3.31 per gallon, a small increase from the previous week.
  • Rising oil prices and seasonal refinery maintenance have been driving the recent price hikes.
  • Despite the fluctuations, gas demand has remained steady at 8.2 million b/d, helping to stabilize prices.

As spokesperson Mark Jenkins from AAA explains, “The recent increases in gas prices can be attributed to rising oil prices and ongoing refinery maintenance.” With winter residents and spring breakers flocking to Florida, the demand for fuel remains strong, putting pressure on prices.

On the national front, U.S. crude oil prices have dropped to $76.49 per barrel, down from a high of $93.68 last year. This decrease, coupled with flat gas demand and declining supply, has helped keep the national average stable at $3.27 per gallon.

When we look at specific metropolitan markets in Florida, West Palm Beach-Boca Raton leads with an average price of $3.50 per gallon, while Pensacola, Panama City, and Crestview-Fort Walton Beach offer the cheapest fuel at $3.07 per gallon.

Despite the recent ups and downs, the national average remains 20 cents higher than a month ago but 12 cents lower than this time last year.

Conclusion:

With gas prices in Florida showing some volatility, it’s essential for drivers to stay informed about the latest trends. As we head into the coming weeks, keep an eye on oil prices, refinery activities, and seasonal demand to anticipate any further changes at the pump. Until then, buckle up, Florida!

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