[ad_1]
MIAMI (CBSMiami) — Florida gas prices are on the rise again. The average price rose to $4.18 per gallon on Sunday. The state average is 8 cents more than a week ago and $1.40 per gallon more than this time last year.
“Florida drivers are finding the most expensive prices at the pump in four weeks,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Global supply concerns are keeping upward pressure on oil prices, as many countries look to limit the import of Russian oil.
READ MORE: Investment Firms Buy Southland Mall, Plan To Modernize It, Build High Quality Housing
The global crude oil market remains an important issue for motorists, as oil prices account for more than 50% of what drivers pay at the pump. Oil prices have ping ponged dramatically since Russia invaded Ukraine and that volatility is likely to continue through the summer travel season.”
READ MORE: Hurricane Season 2022: Time To Stock Of Supplies
The U.S. price for a barrel of oil advanced 3% last week. Friday’s closing settlement of $104.69 per barrel is $2.62 per barrel more than the week before, yet $1.85 per barrel less than two weeks ago.
| Gas Price Overview | Oil Price Overview |
| Sunday’s Avg. Price – $4.18 per gallon
Cost for a Full Tank – $63 (15 gallons) 2022 High – $4.38 per gallon (Mar. 11, 2022) 2021 High – $3.36 per gallon (Nov. 2021) Record High – $4.38 per gallon (Mar. 2022) |
Friday’s U.S. Oil Price – $104.69 per barrel
Previous Week’s Closing Price – $102.07 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) |
MORE NEWS: Miami Weather: Mostly Sunny, Rain Chance Increases Mid-Week
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($4.34), Fort Lauderdale ($4.23), Naples ($4.22)
- Least expensive metro markets – Pensacola ($3.96), Crestview-Fort Walton Beach ($3.98), Panama City ($4.03)
[ad_2]
Source link
