TAMPA, Fla. (WWSB) – AAA is confirming what most Suncoast motorists already know — Florida gas prices are averaging above $4 per gallon for the first time in four years.
The state average surged 28 cents last week, reaching a high of $4.23 per gallon, before declining 3 cents through the weekend.
“The average Florida driver now pays about $20 more to fill up than a month ago,” said Mark Jenkins, spokesman for AAA The Auto Club Group.
“Gas prices are climbing quickly because crude oil prices are surging as the conflict with Iran disrupts global fuel supplies. With the Strait of Hormuz still largely closed, ongoing uncertainty continues to push energy markets and prices higher.”
Crude oil prices have risen nearly 60 percent since the start of the conflict. On Thursday, U.S. crude oil prices settled at $111.54 per barrel.
That marked a 12 percent increase, or nearly $12 per barrel, from the previous week. This increase could trigger another round of rising gas prices in the coming days.
In total, Florida gas prices have jumped as much as $1.35 per gallon over the past month, rising from $2.88 per gallon to more than $4.20. That represents a 47 percent increase in just one month and adds roughly $20 to the cost of filling a 15 gallon gas tank.
Regional Prices
Most expensive metro markets – West Palm Beach-Boca Raton ($4.35), Gainesville ($4.28), Naples ($4.27)
Least expensive metro markets – Pensacola ($3.91), Crestview-Fort Walton Beach ($3.91), Panama City ($3.92)
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