Wednesday, May 15, 2024

Florida gas prices jump as national average nears $5 a gallon


ORLANDO, Fla. – As the national average value per gallon nears $5, Central Florida gas prices have jumped within the final 24 hours.

The national average is $4.99 a gallon, in line with AAA, whereas Florida’s average is $4.83 a gallon.

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AAA stated the elevated demand and a decreased provide is driving up gas prices and as crude oil prices proceed to rise, gas prices is anticipated to stay excessive “for the near future.”

GasBuddy analyst Patrick De Haan stated he wouldn’t be shocked to see prices go even greater through the summer season.

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“We could see gas prices eclipse $6 a gallon, should there be any disruption, such as hurricane or refinery outage. There’s basically no margin for error this summer,” he stated.

In addition to rising gas prices, Americans are coping with inflation. President Joe Biden is about to ship remarks on tackling inflation, in search of to border it as a international problem introduced on by the COVID-19 pandemic after which Russia’s invasion of Ukraine.

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