The average price of regular gasoline in Florida rose six cents early this week but fell back to $3.13 a gallon on Sunday, according to AAA-The Auto Club Group’s weekly briefing.
“Crude oil and gasoline futures rose last week, helping to reverse the downward trend in prices at the pump,” said Mark Jenkins, a spokesman for the group.
“The price increases are attributed to optimism that the Federal Reserve’s rate cut would boost the global economy and energy demand,” Jenkins added. U.S. crude oil prices rose more than $3 a barrel last week, hitting $71.92 a barrel on Friday.
The briefing did not address the storm that is forming in the Gulf of Mexico, which current models have headed toward the state’s Panhandle.
The National Weather Service in Tallahassee said Monday that a hurricane is expected to strengthen to a severe Category 2 storm, on the borderline of Category 3, as it approaches the state’s Gulf Coast Thursday morning.
More: Tallahassee goes into storm mode; sandbag sites open due to possible hurricane
What are the prices for regular gasoline in Florida?
∎ The most expensive metro markets – West Palm Beach-Boca Raton ($3.29), Naples ($3.20), Gainesville ($3.19).
∎ Cheapest metro markets – Crestview-Fort Walton Beach ($2.83), Pensacola ($2.86), Panama City ($2.88).
∎ Capital Region Market – Tallahassee ($3.03).
∎ Averages by state and metro area can be found here.
∎ Daily Gas Price Averages can be found at Gasprices.AAA.com.
Arianna Otero is the City Solutions Reporter for the Tallahassee Democrat. Contact her via email at AOtero@tallahassee.com or on Twitter/X: @ari_v_otero.
This article originally appeared on Tallahassee Democrat: AAA: Gas prices rise in Florida as storm system looms in Gulf of Mexico
