‘Worse before they get better:’ Florida gas prices soar to new record highs

ORLANDO, Fla. – Florida fuel costs have continued to shatter data, reaching a brand new excessive.

The statewide common value per gallon reached $4.49 on Sunday.

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“Drivers are coping with unprecedented ache on the pump and issues may quickly worsen earlier than they get higher,” spokesman Mark Jenkins with AAA mentioned in a launch. “We noticed extra large features within the gasoline futures market late final week, which may trickle all the way down to yet one more 10-20 cent leap on the pump within the close to future.”

The auto group mentioned rising fuel costs are being pushed by a number of components:

• Value of U.S. oil closed on Friday at $110.49 per barrel

• Heading into 2022, many oil-producing international locations had not returned to pre-pandemic ranges as demand returned

• When Russia invaded Ukraine, the oil market minimize out considered one of its largest exporters on this planet

AAA mentioned the Worldwide Vitality Company is forecasting excessive costs will pressure the U.S. oil manufacturing to return to pre-pandemic ranges by the tip of the 12 months.

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“Sadly, $4 gasoline is prone to be that unwelcome passenger on most Florida summer time highway journeys,” Jenkins mentioned. “At this level, the state common shouldn’t be anticipated to exceed $5 a gallon. Nonetheless, the gasoline market is extraordinarily unstable and issues are altering by the day. Both manner, drivers ought to anticipate fuel costs to maintain fluctuating all through the summer time and probably the remainder of the 12 months.”

Methods to avoid wasting on gasoline

• Mix errands to restrict driving time.

• Store round for the perfect fuel costs in your neighborhood.

• Think about paying money. Some retailers cost further per gallon for patrons who pay with a bank card.

• Take away extra weight in your car.

• Drive conservatively. Aggressive acceleration and rushing reduces gasoline financial system.