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Crude Oil Price Spike Drags Florida Gas Prices To New 2021 Highs
October 11, 2021
Florida drivers are feeling even more pain at the pump this week, as the ripple effects from the pandemic continue to play out in the crude oil market. The price of crude surged last week, on concerns that what was already a tight global fuel market, could get even tighter this winter. And gas prices are being dragged along for the ride.
Florida gas prices surged 12 cents last week, rising from $3.05 to $3.17 per gallon. Sunday’s state average of $3.17 was the highest daily average since October 2014.
Escambia County’s average price at the pump was $3.12. The lowest price to be found Sunday night in North Escambia was $3.08 at stations on Highway 29 and on Muscogee Road in Cantonment. Pensacola’s lowest price was $2.99 at a Cervantes Street station, with the next lowest at $3.02 on Airport Boulevard.
Comments
6 Responses to “Crude Oil Price Spike Drags Florida Gas Prices To New 2021 Highs”
Gas was $2.00 per gallon. We were self sufficient. After January 20, 2021 our government shut down a lot of oil wells and the Canadian pipeline. Now we are back to purchasing oil from OPEC. It will get higher.
OPEC made the decision to cut down supply causing gas to go up. Plus biden shut down our pipe line. biden is in the terriorist pockets plus his son. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. See their web site OPEC.org
My post said “one” of the factors, not the factor or the main factor. Just one.
Nice try, but no dice. Gas prices are up because of increased demand – we are driving more. Also, the hurricanes disrupted oil production/refining. And OPEC continues to restrict its production.
The trucker shortage has been brewing for years, mostly because of wages. But the pandemic has had an effect too. Many truckers are not vaccinated; some get Covid and can’t drive. And then there’s a 14 day period they have to quarantine. Some are quitting because they refuse to get vaxxed, but it’s not the main reason for the shortage.
Gee, wasn’t it just a bit ago that we were oil independent and a net exporter? What happened? Let’s go, Brandon!
One of the factors in higher gas prices and shortages of things is the number of truck drivers that have quit over mandatory vaccinations. Overall, I think vaccinations have had some effect, but it should be an individual choice. So all you Karens out there, enjoy your higher gas prices.