AAA: Gas prices hit new 2022 high

ORLANDO, Fla. — We now know a gloomy forecast of rising gas prices one week ago was on point.

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Unfortunately, Florida gas prices rose another 6 cents last week, setting a new 2022 high of $3.51 per gallon, AAA said.

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Keeping track of the numbers can get tedious, but the auto giant helped put things in perspective.

The 2022 high of $3.51 per gallon is:

• 15 cents more than 2021’s highest daily average price per gallon
• The highest daily average price for gas since July 2014

On Sunday, while the state average dipped a penny to $3.50 per gallon, it was still 90 cents more than this time last year, AAA noted.

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So how much will you pay to fill up your gas tank these days in Florida?

On average, it’ll cost you $52.50, according to AAA.

On a slightly different note, the energy market actually saw its first week of losses last week, ending 8 straight weeks of oil price gains.

After reaching a new 2022 high of $95.46 per barrel on Monday, the price for U.S. crude declined 5% by the end of the week, AAA reported.

But all eyes remain on tensions in eastern Europe.

“It’s hard to get too excited about the recent oil price drop, because prices could easily rebound if Russia invades Ukraine,” AAA’s Mark Jenkins said.

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He added, “If an invasion occurs and oil prices spike, that will most certainly drag gas prices higher too. To what degree, it’s still unclear.”

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