Florida gas prices are creeping closer to $5 a gallon. The state average jumped 18 cents last week, reaching a new all-time high of $4.76 per gallon on Sunday.
Florida gas prices are now 66% more expensive than a year ago. It now costs $71 to fill an average size 15-gallon tank of gas. That's nearly $29 more than what drivers paid a year ago.
"Unfortunately, the pain at the pump is likely to get even worse this week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Gasoline made very strong gains in the futures market last week. When that happens, we normally see retail prices rise. It can take days or a week for pump prices to reflect the change, but It wouldn't be a surprise to see retailers raise their prices another 20 cents by Monday night. At this rate, it sure seems like there's very little resistance to rising prices at the pump, and $5 a gallon is quickly becoming a very real possibility this summer."
Crude oil prices rose 3% last week on the futures market. Friday's settlement of $118.87 per barrel was $3.80/b more than the week before. Gasoline future prices increased 24 cents per gallon from the week before, reaching a new all-time record high. Although OPEC+ announced plans to raise oil production by 648,000 barrels per day
Oil and gasoline futures prices traded significantly higher last week as the European Union's Russian oil ban contributed to ongoing global supply concerns, while expectations of global fuel demand increased after China lifted COVID-19 restrictions in Shanghai.
Additional factors weighing on futures prices include a large draw in gasoline supplies and growing exports, amid rising global competition for fuel. This week's EIA report revealed:
Price | Station | Area | |
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$4.65
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Apopka |
$4.73
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Apopka |
$4.73
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Apopka |
$4.75
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Apopka |
$4.75
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Apopka |
$4.75
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Apopka |
$4.75
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Apopka |
$4.75
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Apopka |
$4.59
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Apopka |
$4.75
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Apopka |
Regional Prices
Gas Price Overview | Oil Price Overview |
Sunday's Avg. Price - $4.76 per gallon Cost for a Full Tank - $71 (15 gallons) 2022 High - $4.76 per gallon (June 5, 2022) 2021 High - $3.36 per gallon (Nov. 2021) Record High - $4.76 per gallon |
Friday's U.S. Oil Price - $118.87 per barrel Previous Week's Closing Price - $115.07 per barrel 2022 High - $123.70 (Mar. 8, 2022) 2021 High - $84.65 per barrel (Oct. 2021) Record High - $145.29 per barrel (July 2008) |
Ways to Save on Gasoline
AAA Resources for Drivers
Find Florida Gas Prices
AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | |
National | $4.848 | $4.819 | $4.610 | $4.247 | $3.049 |
Florida | $4.758 | $4.749 | $4.577 | $4.176 | $2.855 |
Georgia | $4.279 | $4.256 | $4.134 | $3.762 | $2.909 |
Click here to view current gasoline price averages |
Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
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