Florida gas prices are now above $4 per gallon for the first time in four years. The state average surged 28 cents last week...
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TAMPA — Florida gas prices are now 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 highest price in the past 20 years was $4.723 in June 2022.
“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. Last week, oil prices moved into triple digits for the first time in four years. That matters because roughly half of what drivers pay at the pump is driven by the cost of crude oil.
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.
Sunday's state average of $4.21 per gallon was:
How much higher gas prices climb will largely depend on how long the conflict continues to disrupt global fuel supplies. Additional oil price increases could put further upward pressure on gas prices.
Visit GasPrices.AAA.com to view state and local average gas prices.
Regional Prices
How to Conserve Gasoline
AAA Resources for Drivers
| AAA GAS PRICE AVERAGES (Price per gallon of regular unleaded gasoline) |
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Sunday |
Saturday |
Week Ago |
Month Ago |
One Year Ago |
|
National |
$4.110 | $4.104 | $3.980 | $3.251 | $3.262 |
|
Florida |
$4.205 | $4.215 | $3.955 | $3.241 | $3.202 |
|
Georgia |
$3.717 | $3.715 | $3.589 | $3.174 | $3.051 |