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TALLAHASSEE – The common worth of a gallon of standard unleaded gasoline in Florida hit a record-high $4.76 on Sunday, and AAA says it can doubtless proceed to rise.
“Unfortunately, the pain at the pump is likely to get even worse this week,” AAA spokesman Mark Jenkins stated in a ready assertion Monday. “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. At this rate, it sure seems like there’s very little resistance to rising prices at the pump, and $5 a gallon is quickly becoming a very real possibility this summer.”
AAA pointed to a mixture of things for the surge in prices, together with the European Union largely shifting to ban Russian oil imports amid the Ukraine battle.
Sunday’s worth of standard unleaded in Florida was up 18 cents a gallon from per week earlier and 58 cents from a month earlier, based on AAA.
The state’s most-expensive gasoline was within the West Palm Beach at $4.90.
Broward County’s gasoline is clocking in at $4.80 a gallon, whereas Miami-Dade is correct behind at $4.79.
The least-expensive gasoline was within the Pensacola, Fort Walton Beach and Panama City areas.
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