Florida gas prices rose 7 cents per gallon last week in response to the recent oil price hike, AAA reported Monday.
The state average has now increased a total of 23 cents per gallon since Oct. 6.
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“Drivers faced another round of rising gas prices last week, as retail prices at the pump continued to adjust to the big jump in oil prices which occurred more than a week ago,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “The 17% oil price hike was largely in response to OPEC’s announcement that it would cut oil production by 2 million barrels per day in effort to raise oil prices. The resulting gas price hike effectively erased any discounts created by the state gas tax holiday, Fortunately, oil prices took a step back last week, which should ease upward pressure at the pump.”
According to AAA, the state’s average price for gas was $3.40 per gallon Sunday – 7 cents more than a week ago, 22 cents more than this time last year, but still 3 cents less than last month.
AAA reports that Florida drivers are now paying $1.49 per gallon less than in mid-June, when gasoline reached an all-time high of $4.89 per gallon.
It now costs about $51 to fill an average-sized, 15-gallon tank of gasoline -- $22 less than what it cost when prices were at their peak during the summer.
The most expensive metro markets are currently West Palm Beach-Boca Raton ($3.55), Sebastian-Vero Beach ($3.43), and Naples ($3.43).
The least expensive metro markets are Crestview-Fort Walton Beach ($3.20), Pensacola ($3.26), and Panama City ($3.30).