MIAMI — Florida’s average gas retail prices increased, but remain lower than the national average and lower than the highest recorded average price in 2022, according to the nonprofit American Automobile Association.
In the last week, the Florida average for regular unleaded increased about 22 cents, from $2.85 to about $3.07, according to AAA’s report on retail prices. The national average on Monday was nearly $3.11, while the highest recorded was $4.89 on June 13, 2022.
In Miami, there was an average increase of more than 10 cents per gallon of regular unleaded in a week. The average was about $2.87 for regular last week, and the current average increased to $3.
In Fort Lauderdale, there was an average increase of about 15 cents per gallon of regular unleaded in the last week. Last week, the average was about $2.90, and it had increased to about $3.06.
On Feb. 26, AAA reported a seasonal rise in gas prices was underway. It was attributed to refineries’ summer-blend gas, which includes “pricier additives to help reduce evaporation during warmer months,” and the spring break season’s increased demand.
Florida gas prices tend to be lower than the national average, according to AAA’s database. Florida has low state fuel taxes, and it’s close to refining hubs on the Gulf Coast.
Mark Jenkins, a spokesman for AAA, told reporters that the organization was monitoring the impact of the new war in the Middle East.
“AAA does not predict gas prices, and it is still too early to know how much of an impact rising oil prices will ultimately have at the pump. However, higher crude oil costs typically lead to higher gas prices, so we’ll be watching the market closely over the coming days.”
The U.S. had been exerting control over Venezuelan oil and sought forfeiture of an oil tanker and 1.8 million barrels of crude oil “that supported Iran and Venezuela,” when the strikes on Iran started on Feb. 28.
Global traders working with oil companies will determine wholesale crude oil prices, according to the U.S. Energy Information Administration.
Iran closed the Strait of Hormuz, the world’s most important oil transit chokepoint, on March 2. According to Kpler, a Brussels-based data and analytics firm, China and India are the most affected.
For more details about today’s local prices, the weekly changes on mid-grade, premium, and diesel, and a county-by-county Florida map, visit this page.
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