TAMPA, Fla. (WFLA) — Florida gas prices are creeping nearer to $5 a gallon. The state common jumped 18 cents final week, reaching a brand new all-time excessive of $4.76 per gallon on Sunday, in keeping with AAA.
Florida gas prices at the moment are 66% costlier than a yr in the past. It now prices $71 to fill a median measurement 15-gallon tank of gas. That’s almost $29 greater than what drivers paid final yr.
“Unfortunately, the pain at the pump is likely to get even worse this week,” mentioned Mark Jenkins, AAA – The Auto Club Group spokesman. “Gasoline made very strong gains in the futures market last week. When that happens, we normally see retail prices rise. It can take days or a week for pump prices to reflect the change, but it wouldn’t be a surprise to see retailers raise their prices another 20 cents by Monday night.”
Crude oil prices rose 3% final week on the futures market. Friday’s settlement of $118.87 per barrel was $3.80/b greater than the week earlier than. Gasoline future prices elevated 24 cents per gallon from the week earlier than, reaching a brand new all-time report excessive. Although OPEC+ introduced plans to lift oil manufacturing by 648,000 barrels per day.
Ways to Save on Gasoline
- Combine errands to restrict driving time.
- Shop round for the very best gas prices in your group.
- Pay with money. Some retailers cost further per gallon for purchasers who pay with a bank card.
- Remove extra weight in your car. Every 100 kilos taken out of the car improves gasoline economic system by 1-2 p.c.
- Drive conservatively. Aggressive acceleration and rushing reduces gasoline economic system.
