Florida gas prices continued to yoyo up and down. The state average went from $3.11 per gallon down to $3.06...
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TAMPA — Florida gas prices continued to yoyo up and down. The state average went from $3.11 per gallon down to $3.06 mid-week, only to bounce right back up to $3.11/g by Sunday, Jan. 12.
“Fuel prices have cycled within the same range for the past couple months, but a recent oil price hike threatens to bring upward pressure on prices at the pump,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “Oil prices rose to multi-month highs on winter weather woes and U.S. sanctions on Russian petroleum. This could place upward pressure on prices at the pump.”
The U.S. price for crude increased $3 per barrel (4%) last week. The closing price on Friday, Jan. 10 of $76.57 per barrel is the highest daily settlement since early October. The U.S. placed sanctions on Russian oil producers and 183 ships which reportedly carry that oil to China and India. The sanctions are reportedly an attempt to cut off funding for Moscow’s war against Ukraine. This will reportedly leave China and India to seek more supply from the Middle East, Africa, and the Americas.
As the oil market debates how these sanctions will affect global supplies, there are concerns about a prolonged stretch of below-average temperatures. OPIS reports that rare winter storms in Texas and the South should sharply boost demand for distillate/heating oil.
Visit GasPrices.AAA.com to view state and local average gas prices
Regional Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.26), Naples ($3.19), Homosassa Springs ($3.17)
• Least expensive metro markets – Crestview-Fort Walton Beach ($2.83), Pensacola ($2.83), Panama City ($2.85)
Ways to Save on Gasoline
• Combine errands to limit driving time.
AAA Resources for Drivers
• Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
• Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
• Find the lowest gas prices in your area by using the free AAA mobile app.
• Determine anticipated fuel costs for your trip by using the AAA’s Gas Cost Calculator.
Find Florida Gas Prices
AAA Gas Price Averages
Click here to view current gasoline price averages.