Florida gasoline prices topped the national average for the first time since early February, with pump prices increasing 14 cents in the state over the past week.
The average price of a gallon of regular unleaded gas in Florida was $3.45 on Monday, a penny higher than the national average, according to the AAA auto club.
“There were significant losses in the oil market last week which should enable gas prices to move lower again,” AAA spokesman Mark Jenkins said in a prepared statement. “The failure of two U.S. banks raised concerns of a global recession that could eventually hamper fuel demand.”
In the news: Watch: Deputies In Florida Revive 2-Year-Old Girl After Swimming Pool Drowning
Oil prices have dropped 17 percent over the past two weeks. Florida’s average gas price went above the national average on Friday.
The highest prices in the state are in the West Palm Beach and Naples regions, while the lowest prices remain in the Panhandle.
Android Users, Click Here To Download The Free Press App And Never Miss A Story. Follow Us On Facebook Here Or Twitter Here. Signup for our free newsletter by clicking here. We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps.