Prices at the pump are surging.
According to AAA, the price of a gallon of gas is up 15-cents over the last week, now averaging $2.62 a gallon
The auto club says prices are higher because of increased demand and reduced fuel supplies.
According to AAA:
Florida Rankings
- 10th highest state average in the country ($2.62)
- 2nd largest weekly increase of any state in the U.S. (15 cents). Kentucky had largest weekly increase of 16 cents.
- 1st in the nation for largest monthly increase (39 cents)
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($2.76), Fort Lauderdale ($2.70), Port St. Lucie ($2.70)
- Least expensive metro markets – Pensacola ($2.48), Crestview-Fort Walton Beach ($2.53), Tallahassee ($2.53)
Crude Oil Prices
The price of oil also reached a new 2019 high, last week. Settling at $58.61 per gallon on the NYMEX last Thursday, crude oil has climbed a total of $12 per barrel this year. The price of crude is now only $2 per barrel less than this time last year. Last March, oil prices peaked at $64.94 per barrel, dragging the daily average price for gasoline in Florida up to $2.64/g.
Photo courtesy Getty Images