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AAA: Florida Gas Prices Rebound On OPEC Production Cut Announcement
October 10, 2022
Florida gas prices took an unexpected turn higher last week, up 16 cents per gallon over the course of four days, in what became the largest weekly increase since June.
Florida drivers are now paying an average price of $3.33 per gallon. That’s 7 cents more than the average price a week earlier.
The average price per gallon in Escambia County was $3.17. Sunday night a low of $3.14 could be found at a station on HIghway 29 in Cantonment. In Pensacola, a few stations were below $3 a gallon.
“The jump at the pump came as a surprise, as this time a week ago, it appeared that the state’s gas tax holiday would pressure prices lower,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, things changed quickly after OPEC and its allies announced plans to cut oil production by 2 million barrels per day. This sent oil and gasoline futures prices back to 5-week highs. As a result, the price for retailers to purchase gasoline jumped more than 30 cents, erasing any of the downward progress created by the 25 cent sales tax holiday.”
Comments
4 Responses to “AAA: Florida Gas Prices Rebound On OPEC Production Cut Announcement”
It’s the same in Europe and South Korea. My sister is a beer distributor for an American company in and around the UK and Ireland and she said prices have almost doubled since the Russian’s started there war. My brother lives in S.Korea and he said prices there also are up. It’s not just an American problem, many countries are seeing high prices with the war going on and Russia cutting gas lines and OPEC cutting production it’s just to unstable. Heck I mean we in the USA are all ready draining our oil reserves to the lowest levels in decades just to keep the prices from going even higher. Personally I think Russia is more to blame than an other country for this crisis.
Isn’t it obvious that the gas companies are taking advantage of our tax holiday during October? $.25 less means they can charge $.25 more at the pump and rake in more profit. And… isn’t it amazing how lower oil prices don’t immediately equate to lower prices at the pump; but, higher oil prices are the immediate reason for higher prices at the pump. Someone is taking advantage of consumers.
How about that. Cut 25 cent tax off and gas goes up 16 cent.
Politicians love this. Noone focused on solving any problems just blame the the other side for everything.
Century is no different, just an easier target.
It’s crazy people are having a hard enough time trying to keep food on their tables and a roof over their head now driving to work is going to take food out of their house and so many people are loosing their homes and cars because they can’t afford to keep going we need a better situation something has got to change