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.
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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.”
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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)
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- 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)