Florida gas prices increased last week, as anticipated. Sunday’s state average of $3.69 per gallon is 8 cents more than the week before.
“Global fuel supplies continue to tighten, putting upward pressure on oil prices and subsequently, the price of gasoline,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
OPEC oil production cuts have caused crude oil prices to strengthen through the past month. On Friday, the U.S. price of oil closed at $90.77 per barrel. That was the highest daily price of 2023, and the most expensive since early November 2022.
Sunday’s state average remains 16 cents below this year’s high of $3.85 per gallon. On average, Florida drivers are currently paying $55 to fill an average-sized tank of gas. That’s nearly $3 less than when gas prices were at their 2023 peak.