Florida gas prices remain unchanged despite upward pressure on oil market

by | Jan 24, 2022

 

Florida gas prices remained relatively unchanged as the price of crude rises to multi-year highs, according to AAA.

AAA found in their weekly report on Monday that the average price for gasoline in the Sunshine State sat at $3.23 per gallon. The price at the pump only increased 1 cent more than a week ago despite crude oil reaching its highest price since 2014.

“Oil prices have surged in 2022, but pump prices have been pretty flat so far,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It’s possible that the seasonable downturn in gasoline demand has helped pump prices resist the upward pressure from the oil market. However, if oil prices keep logging weekly gains, it’s only a matter of time before that results in higher prices at the pump.”

AAA also reported that crude oil has increased for five straight weeks, rising as much as 14 percent this year with the price per barrel settling at $86.96 on Wednesday — $2 more than in 2021 and the highest since October 2014. Although the daily price of oil cooled slightly on Friday — settling at $85.14 — oil prices remain under heavy upward pressure due to ongoing global supply concerns.

Additionally, experts noted that with the current trend, it’s only a matter of time before gas prices catch up with the demand.

Motorists looking to travel around the state will find the highest price per gallon across parts of South Florida. West Palm Beach-Boca Raton ($3.41), Naples ($3.29), and Fort Lauderdale ($3.27) posted the highest gas prices in the state. The lowest prices were reported in Crestview-Fort Walton Beach ($3.14), Pensacola ($3.15), Panama City ($3.16), Tallahassee and Brevard ($3.18), Jacksonville ($3.19), and Tampa ($3.20)

A full breakdown of gas prices across the state can be seen here.

2 Comments

  1. Stan Jackson

    Well it 3.39.9 at WestBay Bridge 388 ??? Why it was 3,29.9 last week???

    Reply
  2. Gregg Mundy

    $3.33.9 this morning 1/24/2022. Yesterday $3.17.9 1/24/2022 Thank you Pres. Biden and Mayor Currey.

    Reply

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