ORLANDO, Fla. — If there’s a silver lining to Florida’s high gas prices, perhaps it’s that they fell a penny last week.
That’s according to AAA. But the auto expert says don’t be fooled — strong upward pressure remains on prices at the pump.
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Last Wednesday, the average price for gasoline landed at $3.47 per gallon. That set a new 2022 high and was the most expensive daily average since July 2014, AAA said.
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On Sunday, the state average saw an improvement — albeit tiny — at $3.46 per gallon.
“Pump prices moved slightly lower into the weekend, but don’t be surprised if they increase again in the near future,” said AAA’s Mark Jenkins.
He pointed to rising oil prices and rising tensions in global politics.
“Oil prices set new 2022 highs on Friday, amid concerns over how a potential Russian invasion of Ukraine could result in sanctions on Russian oil that could make the oil market even tighter than it currently is,” Jenkins said.
Here in the U.S., the price of oil settled at $93.10 per barrel on Friday.
That was almost $1 more than the week before, and the most expensive daily oil price since September 2014, according to AAA.
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And experts say Florida gasoline prices have not responded to that most recent hike in oil prices, which could translate into another 15 cents per gallon at the pump.
To see a breakdown of gas prices in your area, click here.
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