Jump at the pump: Prices spike amid Florida’s gas tax holiday

ORLANDO, Fla. — After a steady drop in gas prices, the cost of fuel took an unexpected turn last week.

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Gas prices went up 16 cents over the course of just four days, marking the largest weekly increase since June, according to AAA.

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It will cost Florida drivers an average of $3.32 to fill up on Monday.

“The jump at the pump came as a surprise, as this time a week ago, it appeared that the state’s gas tax holiday would pressure prices lower,” AAA’s Mark Jenkins said.

Florida’s gas tax holiday is in place during the month of October.

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“The price for retailers to purchase gasoline jumped more than 30 cents, erasing any of the downward progress created by the 25-cent sales tax holiday,” Jenkins explained.

The auto giant said the increase came after OPEC and its allies announced plans to cut oil production by 2 million barrels daily. sending oil and gas futures to five-week highs.

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One silver lining — Floridians are still paying considerably less than the national average, which landed at $3.91 per gallon on Monday.

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