Florida gas prices

Florida Gas Prices Tick Up Again

Florida gas prices
Gasoline Pumps. Source: TFP

The AAA auto club reports that average gasoline prices in Florida increased by 5 cents over the past week, with the lowest prices remaining in the Panhandle and the highest prices occurring in portions of South Florida.

According to an online post by GasBuddy’s director of petroleum analysis, Patrick De Haan, it is premature to ascribe any of the observed fluctuations to the escalating conflict in the Middle East, which witnessed Iran’s assault on Israel over the weekend.

Read: Florida Rep. Greg Steube Rips Biden Admin On Eyeing “West Bank” Label On Some Israeli Imports

“With Iran’s attack on Israel over the weekend, the stakes couldn’t have been higher for a major potential impact on oil and gasoline prices. With the attacks largely thwarted and mostly unsuccessful, and with Iran signaling that their attack will be the end of their response, the risk to crude oil has diminished, and the situation is thankfully likely to de-escalate going forward,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “If Israel, which has promised to respond with further attacks, indeed does press on, it could certainly still push oil prices higher. However, motorists can expect other factors to influence what they’re paying at the pump. Motorists in the mid-Atlantic and Northeastern U.S. will soon see a spike in prices as they make the leap to summer gasoline—as much as 20-50 cents per gallon higher in nearly a dozen states. On the West Coast, price increases should finally slow, but the national average will likely climb again in the coming week.”

According to AAA, the average price of a gallon of normal unleaded gas in Florida was $3.51 on Monday, up from $3.46 the previous week and $3.48 the month before.

The national average was $3.63 on Monday, up 3 cents from a week ago. Drivers in the Panama City area paid an average of $3.27 on Monday, while those in the West Palm Beach-Boca Raton area paid $3.71.

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