Florida gas prices have skyrocketed in response to the conflict in Iran.<\/p>\n
On Sunday, the state average was $3.45, the most expensive daily average since Aug. 2024, according to AAA \u2013 The Auto Club Group.\u00a0The state average is $0.56 more than a week ago, $0.59 more than a month ago and $0.35 more than this time last year.<\/p>\n
The Strait of Hormuz, a narrow waterway in the Middle East, handles roughly 20 percent of the world\u2019s oil. Due to the Iran conflict, traffic there has come to a complete stop due to safety concerns, limiting the global supply of oil. Crude oil prices jumped 36 percent last week, the largest price increase in 20 years.<\/p>\n
The jump in oil prices, combined with a $0.67-per-gallon rise in gasoline futures, pushed gas prices higher and will likely continue to influence pump prices in the days ahead. \u201cOil is the biggest input cost in gasoline, so when crude and gasoline futures climb, retail prices usually follow,\u201d said spokesman Mark Jenkins.<\/p>\n
The U.S. isn\u2019t suffering a gas shortage, as pumps are being supplied like normal. \u201cHigher pump prices reflect increased fuel costs, not disruptions to U.S. availability,\u201d Jenkins said.<\/p>\n
The most expensive metro markets are West Palm Beach-Boca Raton ($3.57), Naples ($3.53) and Homosassa Springs ($3.52).<\/p>\n
The least expensive metro markets are Crestview-Fort Walton Beach ($3.05), Panama City ($3.09) and Pensacola ($3.13).<\/p>\n
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