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AAA: Florida gas prices rise back up, breaking 26-day streak of declines

(Pixabay)

AAA announced in a press release Monday that Florida gas prices have increased shortly after dropping to multi-month lows.

According to the press release, the state average rose 15 cents last week, then declined two cents over the weekend. Sundayā€™s state average was $3.35 per gallon, which is 10 cents more than a week ago, it states. This price is still 10 cents less than the national average, which was $3.45 as of Sunday, according to the press release.

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The jump in price ended a 26-day streak of declines, which delivered a 33-cent discount, according to the press release. The state average eventually dropped to $3.23 on Tuesday, which was the lowest daily average price since mid-February, it states.

ā€œOil and gasoline futures prices rose the past two consecutive weeks, which raised the cost of producing gasoline,ā€ said Mark Jenkins, a spokesman for AAA.

Jenkins further elaborated on fuel demand.

ā€œFutures prices reportedly increased on data that fuel demand is outpacing fuel inventories. Price fluctuations like this (are) very common during the summer travel season,ā€ he said.

The most expensive metro markets are currently West Palm Beach-Boca Raton ($3.53), Gainesville ($3.41), and Naples ($3.41). The least expensive metro markets are currently Crestview-Fort Walton Beach ($3.11), Pensacola ($3.11), and Panama City ($3.11).


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