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Gas Prices for Cities in Florida

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Sours: https://www.fueleconomy.gov/feg/gasprices/states/FL.shtml

Florida gas prices jump 10 cents — could a cyberattack make it worse?

FORT LAUDERDALE, Fla. – Florida’s average gas price climbed a dime over the past week, reaching $2.88 for a gallon of regular unleaded on Monday morning.

Fortunately for Florida drivers, experts say we won’t face the greatest impact from the cyberextortion attempt that forced the shutdown of a vital U.S. pipeline.

The Georgia-based Colonial Pipeline carries gasoline and diesel from refineries in Texas across the southeastern United States and up the eastern seaboard, but Florida is not largely dependent on it for gas, the American Automobile Association says.

“Most of Florida’s fuel is delivered from Gulf Coast refineries via waterborne vessels. Because of this, Florida should remain well supplied with gasoline, despite the pipeline outage,” AAA said in a news release. “However, as always, pump prices remain vulnerable to futures price swings, which are influenced by domestic and international supply and demand.”

Patrick De Haan, who tracks fuel prices for GasBuddy, also noted on Twitter that Florida “shouldn’t be significantly disrupted but it’s not impossible some cargoes are redirected.”

Floridians: most of the state's gasoline is supplied via barge from the Gulf Coast, shipments shouldn't be significantly disrupted but its not impossible some cargoes are redirected. Conserve where possible.

— Patrick De Haan ⛽️📊 (@GasBuddyGuy) May 10, 2021

The cyberattack of Colonial Pipeline was reportedly carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity.

“The longer the pipeline is down, the greater the threat of rising gas prices,” said Mark Jenkins, a spokesman for AAA. “If operations are restored on Monday, drivers may see very little to no impact at the pump. A lengthy downtime, like a week, would be a different story.”

Meanwhile, Jenkins noted that Florida’s gas price jump was in response to crude oil and gasoline futures price gains that were forecasted last week.

The state’s average price of $2.88 per gallon is three cents shy of the high price for the year, according to AAA’s data. The national average on Monday morning is $2.97.

As is often the case, we are paying more than the state average in South Florida.

Below is a look at the average prices in South Florida on Monday, according to AAA:

  • Miami-Dade County: $2.903
  • Palm Beach County: $2.989

For more information on Florida gas prices, click here.

Copyright 2021 by WPLG Local10.com - All rights reserved. The Associated Press contributed to this report.


Sours: https://www.local10.com/news/florida/2021/05/10/florida-gas-prices-jump-10-cents-could-a-cyberattack-make-it-worse/
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Pumping Gas – Courtesy: Shutterstock – Image by Dragana Gordic

After Florida drivers have enjoyed a brief period of lower gas prices in recent weeks, Hurricane Ida is likely to make it a bit pricier to fill up.

Florida’s average gas prices have gone down during the past three weeks, reaching $2.95 a gallon for regular unleaded on Sunday. That was down three cents a gallon from the previous week.

On Monday, the AAA auto club said that the massive hurricane, which made landfall this past Sunday in Louisiana, caused prices for gas in the future to increase. Louisiana and several parts of the Gulf Coast play a major role in oil production. 

Refineries in Mississippi, Louisiana, Alabama, and Texas account for “more than 45% of the nation’s capacity for refining crude oil into gasoline and other important products. Additionally, the region is home to nearly 2,000 offshore oil platforms, which accounts for 17% of the nation’s crude oil production.”

It is still unclear how prices will be affected at the pump, but the supply chain is likely to experience some interruptions.

AAA spokesman Mark Jenkins stated on Monday that “drivers will almost assuredly see gas prices rise this week, because of Hurricane Ida’s effects on the Gulf Coast. Based on overnight movement in the futures market, a 10- to 20-cent jump at the pump is not out of the question. Where gas prices go from here will depend on the extent of the damage and how long it will take for fuel production and transportation lines to return to normal.”

Ahead of the storm, offshore oil rigs and different supply sources in the area were secured. Nine rigs were in the storm’s path therefore four of those were shut down safely while another reduced operation. 

In total, more than 90% of all Gulf offshore rigs were shut down ahead of the storm, whittling production by 15% temporarily. The Colonial Pipeline that recently fell victim to a cyber-attack was shut down on Sunday as a precaution. After the cyber-attack, high prices and panic buying soared. 

Hurricane Ida was one of the strongest storms to ever hit the mainland U.S. Although the damage to Louisiana is our primary concern, we will definitely feel the impact at Florida’s gas pumps. 

South Florida’s gas prices have been sitting between the state and national averages.

Across the region, the average prices are as follows on Monday morning:

  • Miami-Dade County: $2.99
  • Broward County: $3.01
  • Monroe County: $3.13
  • Palm Beach County: $3.12

More Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.12), Panama City ($3.07), Tallahassee ($3.05). 
  • Least expensive metro markets – Punta Gorda ($2.80), Tampa-St. Petersburg-Clearwater ($2.87), Orlando ($2.88).

For more information on Florida gas prices, click here.

Make sure you are staying up-to-date with the latest and most important Florida news with Florida Insider. Whether you are interested in business, education, government, history, sports, real estate, nature, weather, or travel: we have something for everyone. Follow along for the best stories in the Sunshine State.

Chris J.

Chris began his writing as a hobby while attending Florida Southern College in Lakeland, Florida. Today he and his wife live in the Orlando area with their three children and dog.

Sours: https://floridainsider.com/weather/hurricane-ida-likely-to-drive-up-gas-prices-in-florida/

Florida gas prices rise above $3; Orlando’s average a bit cheaper

The season of hot, high summer gasoline prices continues to sizzle in Florida with the average rising over $3, according to the AAA Auto Club Group data.

Florida consumers payed on average for a regular gallon of gasoline $3.01, according to AAA.

“Florida drivers are still finding some of the most expensive prices at the pump in nearly seven years,” said Mark Jenkins, AAA spokesman. “Crude oil prices fluctuated last week, but ultimately evened out. So it’s likely these elevated gas prices will hang around for the near future.”

Orlando prices helped keep that number down averaging on Florida’s low side at $2.97, but that’s about 90 cents more expensive than averages from this time last year.

Panama City was fanning the flames for the highest averages in Florida at $3.14. West Palm Beach and Boca Raton were just behind at $3.13.

Gasoline prices have been also blazing to highs around the country.

The average U.S. price of regular-grade gasoline rose a nickel over the past two weeks, to $3.21 per gallon, according to the Associated Press. The highest average in the country was reported in San Francisco at $4.39.

Gas prices will likely hold steady now that crude oil costs have stopped rising, said industry analyst Trilby Lundberg of the Lundberg Survey.

The Associated Press contributed to this report.

Sours: https://www.orlandosentinel.com/news/florida/os-ne-florida-gas-over-3-20210712-fdlvzumrrze3tmtyegje2sc3ai-story.html

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Fort Lauderdale Gas Prices

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    Gas prices are rising in Florida. Here’s why, according to data

    AAA: Florida Gas Prices Slips Lower, Yet Upward Pressure Remains

    MIAMI (CBSMiami) — Prices at the gas pumps slipped a little lower, declining another 2 cents last week. The state average has been on a downward trend for the past two weeks; slipping a total of 5 cents since setting a new 2021 high of $3.10 per gallon in mid-September.

    “After weeks of declines, gas prices face renewed upward pressure after the price of crude oil rose 3% last week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Crude prices have remained elevated this year, because unlike the years before the pandemic – where supplies far outpaced demand – the global fuel market has tightened. Many countries reduced fuel production, due to the pandemic, and are now struggling to keep pace with returning demand.”

    READ MORE: Miami Weather: Plenty Of Sunny, Spotty Showers Possible Through Mid-Day

    The fuel market is closely watching the planned OPEC+ meeting today. The cartel is meeting to discuss raising oil production. Oil prices rose last week on concerns that the cartel’s planned 400,000 barrel per day increase would not be enough to meet global fuel demand. Now, there are reports that OPEC+ is considering doubling the rate increase.

    READ MORE: Miami Police Ask For Help In Finding Missing Teen Andrea Ortiz

    Last week, the price of US crude oil set a new 2021 high. Friday’s settlement of $75.88 per barrel was $2 more than the week before, and the most expensive daily settlement since October 2018.

    MORE NEWS: More Than 30 Suspected Cuban Migrants Found In Boat During Keys Traffic Stop

    Regional Prices

    • Most expensive metro markets – West Palm Beach-Boca Raton ($3.23), Fort Lauderdale ($3.10), Naples ($3.10)
    • Least expensive metro markets – Punta Gorda ($2.97), The Villages ($3.00), Jacksonville ($3.00), Tampa-St. Petersburg-Clearwater ($3.00)
    Sours: https://miami.cbslocal.com/2021/10/04/aaa-florida-gas-prices-slips-lower-upward-pressure-remains/

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