Connect with us

Hi, what are you looking for?

Business

Florida Gas Prices Continue Push Toward $5 Per Gallon

It’s the news no Floridian wanted to hear, but few are likely surprised by. Gas prices are continuing to march upward toward the dreaded $5.00 a gallon mark.

New figures released by AAA put the statewide cost average at $4.76 per gallon, up 18 cents from the week before. It costs about $71 to fill up a standard 15-gallon tank, the report says, which is $29 more than what it would’ve cost this time last year.

ADVERTISEMENT

“Unfortunately, the pain at the pump is likely to get even worse this week,” said AAA’s Mark Jenkins. “Gasoline made very strong gains in the futures market last week. When that happens, we normally see retail prices rise. It can take days or a week for pump prices to reflect the change, but It wouldn’t be a surprise to see retailers raise their prices another 20 cents by Monday night. At this rate, it sure seems like there’s very little resistance to rising prices at the pump, and $5 a gallon is quickly becoming a very real possibility this summer.”

The cost of oil per barrel is up to $118.87 this week, up almost four dollars from last week. The report places blame for rising oil prices largely on the European Union’s ban on Russian oil, as well as higher expected demand due to China having lifted COVID-19 restrictions in Shanghai.

The most affordable options for motorists in the Flagler/Volusia area continues to be Buc-ee’s on LPGA Blvd in Daytona Beach, and the membership-based Sam’s Club on Cornerstone Blvd nearby.

Written By

Chris Gollon is a Flagler County resident since 2004, as well as a staple of the local independent music scene and avid observer of Central Florida politics, arts, and recreation.

1 Comment

1 Comment

  1. TR

    June 10, 2022 at 3:38 pm

    This is absoluty rediculas and no need for it other than the oil companies are laughing all the way to the bank.
    This idiotic government wants to force everyone to buy electric cars but the infrastructure for having them isn’t in place yet. Can anyone take an electric car from Fl. to NY. on a single charge, I doubt it and there is minimal (if any) charging stations on route to charge these cars. The government want us all to stay home. Just another step toward communism. WAKE UP AMERICA. IMO, Revolution on the horizon.JMO

Leave a Reply

Your email address will not be published.

ADVERTISEMENT
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

You May Also Like

Economy

The average cost of a gallon of gas in Florida has decreased eight cents in the last week, according to figures from AAA spokesman...

Business

Gas prices in Florida are the lowest they’ve been for the entirety of 2023, according to a new report issued by AAA. According to...

Economy

The cost of a gallon of gas in Florida shot back up over the last week or so, according to a new report from...

Economy

Good news for holiday travelers: gas prices across the state of Florida are continuing a downward trend that began back in November. According to...

Business

Fuel prices in the state of Florida saw an 11 cent drop over the past week according to a new analysis from AAA. At...