Florida motorists are feeling the pinch as they pull as much as the pump, dealing with yet one more surge in gas prices.
Over the previous week alone, the common worth of a gallon of standard unleaded has skyrocketed by 8 cents, whereas over the previous month, it has climbed by 21 cents.
Summer time mix shift and upkeep drive prices up
The AAA auto membership revealed that on Monday, the common gallon of standard unleaded in Florida hit $3.58.
This uptick comes because the business transitions to the pricier summer time gasoline mix and refineries undertake scheduled upkeep.
International tensions fanning the flames of worth surge
Hypothesis surrounding the implications of Ukraine’s concentrating on of Russia’s oil infrastructure has performed a pivotal function in current worth hikes, in line with AAA spokesman Andrew Gross.
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Whereas considerations concerning these geopolitical tensions have considerably subsided, they’ve left a permanent mark on gasoline costs, which are actually following a trajectory akin to final yr’s gradual seasonal enhance.
International oil provide struggles tighten the noose
Including to the strain on the pump is the tightening world oil provide.
Regardless of america ramping up its oil manufacturing to document ranges, OPEC+ has opted to increase manufacturing cuts, successfully lowering world provides and bolstering oil costs, as famous in AAA’s current information launch.
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Regional disparities in gas prices
Florida’s common gasoline worth of $3.58 a gallon on Monday stands 10 cents greater than it did only a yr in the past.
Nevertheless, disparities persist throughout the state, with the Panhandle having fun with the bottom common costs, resembling $3.21 a gallon within the Panama Metropolis space.
In stark distinction, motorists within the West Palm Seashore-Boca Raton space are grappling with a mean worth of $3.77 a gallon.
