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Press Release
AAA: Pump Prices Surge Nationwide, Florida Gas Prices Rise 12 Cents In the Last Week
In the past seven days, gas prices rose 12 cents in Florida, with the state's average price of $2.42 being the highest since August 2015.
In the past seven days, gas prices rose 12 cents in Florida, with the state’s average price of $2.42 being the highest since August 2015.
Gas prices are also rising across the country, with the national average price for a gallon of regular unleaded jumped 7 cents in the past week. Sunday’s average of $2.39 is the highest since September 2015.
The most expensive metro markets are West Palm/Boca Raton ($2.53), Fort Lauderdale ($2.48), and Miami ($2.46). The least expensive metro markets are Pensacola ($2.35), Tallahassee ($2.36), and Jacksonville ($2.39)
“This is the type of volatility we’ve come to expect this time of year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
“The major factors weighing on the market right now are supply and demand. People are beginning to drive more as the weather improves, causing an uptick in demand and a decline in gasoline inventories. Also, many refineries have begun producing and selling summer-blend fuels which are more expensive to produce. AAA forecasts the national average to peak around $2.70 this summer.”
The crude oil market has largely recovered after spending nearly three weeks under $50 a barrel.
Friday’s daily settlement of $52.24/b is the highest since March 7. Primary factors contributing to increased crude oil prices include the seasonal uptick of driving demand, continued uncertainty around an extension of OPEC production cuts and increased U.S. production.
Oil prices also received a temporary boost on Friday, following the U.S. launch of cruise missiles at a Syrian airfield base.
Although Syria has little oil production, their location and alliances with other oil producing countries has led to speculation about how further geopolitical unrest may affect global oil supply.
Traders will keep a close eye on political dynamics of the Middle East and any further discussions between OPEC and non-OPEC producers.
Motorists can find the lowest gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.
Motorists can find the lowest gas prices in their area by downloading the free AAA Mobile app
Click here to view current gasoline price averages
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, travel, insurance and financial services offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.
