Gas Prices May Have Hit Summer Peak
MIAMI (CBS4) - As the average price of regular unleaded gasoline hovers at just under four bucks a gallon in Miami-Dade, many drivers are wondering just when they will get a break at the pump.
"Gas prices keep going higher and they don't look like they're going to be getting any lower any time soon," said Joshua Kailch.
"They just keep going up every day," echoed Arturo Guzman. "I'm seeing it go up ten to fifteen cents every two weeks for the past two or three months."
But recently, believe it or not, the price at the pump has gone down. In the last week, the average price for a gallon of regular unleaded dropped a penny. While many of us were hoping for more, it is a decline and one that the American Automobile Association said will continue.
Currently for a gallon of unleaded gas, Miami-Dade's average is $3.97, Fort Lauderdale is $3.95 and Florida, as a whole, is averaging $3.91.
By next week, however, we could see those numbers drop by two to five cents.
But that decline may not be enough to help drivers struggling financially.
"If I want to go to the store, I have to put in a certain amount for gas, so I have to cut back on the store," Gloria Jackson said.
"So far I'm on the company expense so I'm okay there, but on the weekend you stay home a little more sometimes," Guzman said.
Many analysts have said if major hurricanes or catastrophic event don't impact oil production and distribution, we could see prices slip to between $3.25 to $3.75 a gallon this summer.
But until then, however, don't be surprised to see prices go up on everything you buy – from your groceries to your night out on the town.
"Everything is based on transportation, so everything goes up from it, lights, food so it's affecting everything I think," John Bryant said.
Analysts are keeping a close eye on the flooding in the Mississippi River region which could become a threat to refineries and mean another price push at the pump.
Check gas prices at floridagasprices.com.
