Florida gas prices rise 7 cents last week

Florida gas prices rose 7 cents per gallon last week in response to the current oil value hike, AAA reported Monday.

The state common has now elevated a complete of 23 cents per gallon since Oct. 6.

“Drivers faced another round of rising gas prices last week, as retail prices at the pump continued to adjust to the big jump in oil prices which occurred more than a week ago,” mentioned Mark Jenkins, spokesman, AAA – The Auto Club Group. “The 17% oil price hike was largely in response to OPEC’s announcement that it would cut oil production by 2 million barrels per day in effort to raise oil prices. The resulting gas price hike effectively erased any discounts created by the state gas tax holiday, Fortunately, oil prices took a step back last week, which should ease upward pressure at the pump.”

According to AAA, the state’s common value for gas was $3.40 per gallon Sunday – 7 cents greater than a week in the past, 22 cents greater than this time last yr, however nonetheless 3 cents lower than last month.

AAA studies that Florida drivers at the moment are paying $1.49 per gallon lower than in mid-June, when gasoline reached an all-time excessive of $4.89 per gallon.

It now prices about $51 to fill an average-sized, 15-gallon tank of gasoline — $22 lower than what it value when prices have been at their peak through the summer time.

The costliest metro markets are at present West Palm Beach-Boca Raton ($3.55), Sebastian-Vero Beach ($3.43), and Naples ($3.43).

The least costly metro markets are Crestview-Fort Walton Beach ($3.20), Pensacola ($3.26), and Panama City ($3.30).