Florida gas prices rise slightly, supply expected to remain stable

by | May 10, 2021

Florida gas prices rose slightly over the past week, according to the American Automobile Association (AAA), as many states brace for a fuel shortage following a recent pipeline cyberattack.

The average price for a gallon of gas in Florida sits at $2.88, up 10 cents from $2.78 the previous week. The new price tag is 3 cents less than the highest in 2021 ($2.91) and is in response to the crude oil and gasoline futures prices gains.

Motorists looking to travel in the Sunshine State will find the highest price per gallon in the Panhandle and across much of South Florida. West Palm Beach-Boca Raton ($2.99), Panama City ($2.95), and Tallahassee ($2.94) posted the highest gas prices in the state. While the lowest prices were reported in Orlando ($2.84), The Villages ($2.83), and Punta Gorda ($2.81).

The rise in price comes after a cyberattack on the Colonial Pipeline, the country’s largest fuel pipeline that supplies 45 percent of all fuel consumed on the East Coast, caused a shutdown over the weekend. The Colonial Pipe carries gas and other fuel from refineries in Texas, supplying 50 million consumers from the southeastern U.S. up the Eastern Seaboard to New York.

The suspended pipeline has many Americans scrambling to purchase fuel as rising prices and fuel shortages threaten many states.

The longer the pipeline is down, the greater the threat of rising gas prices,” said Mark Jenkins, AAA Florida spokesperson. “If operations are restored on Monday, drivers may see very little to no impact at the pump. A lengthy downtime, like a week, would be a different story. Sunday night, gasoline futures prices were up less than a nickel.”

Jenkins added that there’s no timeline for the vital pipeline’s reopening.

Despite the grim news amidst the upcoming travel season, a silver lining may exist in the Sunshine State. AAA stated that while many states could face long lines at the pump, Florida is not dependent on the offline pipeline. Most of the state’s gas is provided by Gulf Coast refineries. Florida’s supply should remain stable, the AAA noted on Monday.


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