advertisement

SSN on Facebook
SSN on Twitter
SSN on YouTube
RSS Feed

5 Comments
Politics

With Crude Oil Prices Rising, Florida Drivers Paying More for Gas

November 13, 2017 - 8:30am

With crude oil prices on the rise, gas prices jumped up across Florida over the past week. 

AAA released a study on Monday showing the average gallon of gas in Florida cost $2.53 on Sunday. A week before, averages stood at $2.40 per gallon in the Sunshine State. While gas prices in Florida held steady over the weekend, some markets saw dramatic increases over the past week with prices going up 25 cents per gallon in the Tampa market, 20 cents in Orlando and 19 cents in Punta Gorda. 

Even with prices on the rise in Florida, they remain below the national averages which stood at $2.56 per gallon over the weekend. 

The West Palm Beach-Boca Raton market had the most expensive gas in the Sunshine State with prices averaging $2.64 per gallon on Sunday followed by Miami and Homosassa Springs where gas cost $2.59 per gallon. 

Pensacola had the least expensive gas in Florida on Sunday with prices averaging $2.46 per gallon followed by Tallahassee at $2.48 and Jacksonville at $2.49 per gallon. 

Mark Jenkins, a spokesman for AAA and the Auto Club Group, pointed to crude oil prices which reached a two year high and have increased almost $6 per barrel in the past two weeks. 

"Our usual autumn pump price plunge was interrupted by rising oil prices,"Jenkins said. "Fortunately, oil prices let off the throttle last week, allowing gas prices to find what appears to be solid ground. However, motorists should expect gas prices to linger at their current levels this week.

"Analysts warn that oil prices could be somewhat volatile this week, as the consolidation of power in Saudi Arabia leaves speculators questioning the impacts on global oil supply," Jenkins continued. "Fortunately, domestic oil supply and production made solid gains. If that becomes a trend, oil prices could drift lower and take gasoline prices with them.

"Increasing crude oil prices almost always lead to higher prices at the pump," Jenkins added. "Expensive crude makes it more costly for refineries to produce gasoline, and that price is typically passed along to the consumer. Fortunately, oil prices backed off a bit last week, which pulled the plug on the gas price hike."

On the national level, gas prices have fluctuated from a high of $2.67 per gallon in September to a low of $2.23 per gallon in July. In Florida, the highest average price was in September when the state was impacted by hurricanes and gas stood at $2.73 per gallon. The lowest average in Florida was in July when prices stood at $2.13 per gallon. 

Comments

So why is Florida's gas prices so much more expensive than the other Gulf coast states? Mississippi's, Louisiana and Texas are close to 20 cents a gallon cheaper. Is it because we don't have any refineries? And transport costs drive up the price? Is our Gas Tax per gallon that much higher than others? I do understand that gas taxes help pay for road repair and construction. And Florida has some of the BEST roads anywhere.

Our "gasman Kevin" speaks: You don't suspect that the rising gas prices are because the "Thanksgiving & Christmas Holiday Seasons" are upon us,...Do You Kevin????? This phenomenon, historically, is just as predictable as the "rising and falling of the tides"; as well as Nostradamus' predictions of "business profit fluidity"...

You could have said why oil has spiked, the Trump premium by encouraging the Saudis to start ratcheting actions up on Iran , is the main cause.................And if not careful your gas will hit $5/gal if he starts a Persian Gulf war, maybe the start of WW3 even.............. Yes you picked a winner, yes you did..........Now you'll have to get used to getting hit in your pocket as Trump makes healthcare, taxes, energy, corporate welfare, massive tax cuts for himself, the wealthy, corporations while giving middle, lower class little except higher costs, less benefit................. And especially hard on families with 2 or more kids, etc while Trump's gets cut by 50% on YOUR back........ Have a nice day

What an asshole.

This idiot "Jerry" and his ilk, are the very reason why the Democrat Party is currently "on the run" towards the "cliff"! ! ! signed:// a recovering Democrat, who hasn't voted for a Democrat candidate in over a decade [America is far TOO important to me than to trust its existence to ANY current Democrat or "his/her" political legislative representative]...

Add new comment

politics
advertisement

Opinion Poll

Do you think Jack Latvala will be found innocent?
Older pollsResults

Chatterbox

Live streaming of WBOB Talk Radio, a Sunshine State News Radio Partner.

advertisement
advertisement
advertisement
advertisement