AAA: gas prices reach all-time high
As motorists continue to cringe every time they pull up to the pump, AAA announced earier this week that Florida once again reached an all-time high when it comes to gas prices.
According to AAA, the new state average per gallon of gas this week was $4.76 – the highest ever.
According to the auto club group, Florida gas prices are now 66% more expensive than a year ago, with the average gas tank (15 gallons) costing $71 to fill. That’s nearly $30 more than what drivers paid in 2021.
“Unfortunately, the pain at the pump is likely to get even worse this week,” said Mark Jenkins, AAA spokesman, in a release. “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.”
AAA in their release stated that crude oil prices rose 3% last week on the futures market. Friday’s settlement of $118.87 per barrel was $3.80 per barrel more than the week before.
Gasoline future prices increased 24 cents per gallon from the week before, reaching a new all-time record high.
AAA said drivers can save on gasoline by:
• Combining errands to limit driving time
• Shopping around for the best gas prices in their area
• Paying with cash, as some retailers charge extra for credit card transactions
• Removing excess weight in the vehicle
• Driving conservatory, as aggressive acceleration and speeding reduces fuel economy
Daily gas price averages can be found by visiting gasprices.aaa.com.
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