TAMPA, Fla. (WWSB) – Florida gas prices spiked by 14 cents per gallon early last week, but most of the increase disappeared by Sunday.
Sunday’s state average of $4.02 per gallon is 2 cents less than a week ago but $1 more than this time last year.
Gas prices could drift lower this week following a sharp selloff in the oil market. Crude oil prices fell about 13 percent last week on reports that the Strait of Hormuz would reopen to commercial shipping, easing concerns about supply disruptions.
Oil finished the week nearly $13 per barrel lower than the week before, a move that can translate into roughly a 30 cent swing at the gas pump.
By the end of the weekend, it appeared that transit through the region remained restricted, raising doubts about the reopening and keeping markets on edge. That uncertainty increases the risk of renewed price swings.
“Oil prices are reacting to fast‑moving headlines, and that volatility makes it difficult to predict what drivers will see at the pump,” said Mark Jenkins, spokesman for AAA – The Auto Club Group.
Regional Prices
Most expensive metro markets – West Palm Beach-Boca Raton ($4.19), Naples ($4.11), Fort Lauderdale ($4.09)
Least expensive metro markets – Panama City ($3.73), Pensacola ($3.76), Cresview-Fort Walton Beach ($3.78)
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