Categories: Business

Gasoline prices have increased in Florida

Fuel rates increased by $0.08 USD last week in Florida, United States. On Sunday, January 7, the price for each gallon of gasoline was recorded at $3.16 USD. The increase in hydrocarbon costs is due to the prolongation of Israel’s war in Palestine.

Oil had reached $73.81 USD per barrel in the previous week itself.

This figure has an impact of more than 50% on the value of gasoline. El Nuevo Herald recently reported that crude oil prices have risen in recent days, nearing $2.00 USD per barrel.

However, drivers in this North American state currently pay less dollars than the same time in 2023.

According to the American Automobile Association (AAA) – The Auto Club Group, a gallon of fuel on that date cost $3.30 USD.

AAA spokesman Mark Jenkins reported that gas station rates have increased in recent weeks.

Mr. Jenkins also believes that this behavior may continue in the coming days.

Prices by cities

Among the Florida cities with the lowest prices are Crestview and Fort Walton Beach at $2.82 USD. These locations are followed by Panama City with $2.83 USD and Pensacola with $2.89 USD.

The most expensive amounts are found in West Palm Beach and Boca Raton, at $3.32 USD. While in Naples you pay the same $3.20 USD as Homosassa Springs.

In September 2023, fuel prices in the state of Florida increased by $0.09 USD.

At the time, the cause was related to a decline in hydrocarbon extraction.

Several nations of the Organization of Petroleum Exporting Countries (OPEC) cut their production at that time.

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