Florida gas prices surged 17 cents last week
MIAMI - Florida gas prices took a big jump last week.
The state average rose 17 cents per gallon last week, reaching a 2-month high of $3.58 per gallon on Thursday. That state average then took a minor step back, declining almost 2 cents through the weekend.
On Monday, the average was $3.61 in Miami-Dade and $3.62 in Broward
"Florida gas prices surged 32 cents per gallon during the past two weeks," said Mark Jenkins, Public Relations Manager, AAA - The Auto Club Group. "It's unusual to see big gains like this in January, but global fundamentals have kept upward pressure on prices at the pump."
Oil investors are bullish that global fuel demand will rise now that China, the world's largest oil importer, is reopening its economy."
Fueling some hope for drivers is that oil prices declined 2% last week, after rising 10% the previous two weeks. Gasoline futures also declined 6 cents last week, after skyrocketing 40 cents per gallon the previous two weeks.
Regional Prices
Most expensive metro markets - West Palm Beach-Boca Raton ($3.74), Sebastian Vero Beach ($3.64), Port St. Lucie ($3.64)
Least expensive metro markets - Panama City ($3.31), Crestview-Fort Walton Beach ($3.32), Pensacola ($3.40)
Florida Gas Price Overview
Monday's Avg. Price - $3.56 per gallon
Cost for a Full Tank - About $53 (15 gallons)
2023 High - $3.58 per gallon (1/26/2023)
2022 High - $4.89 per gallon (6/13/22)
All-Time Record High - $4.89 per gallon (6/13/22)