Florida Gas Prices Rise Amid OPEC Production Cuts

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Florida Gas Prices Rise Amid OPEC Production Cuts

TFP File Photo Florida gas prices increased last week, as anticipated. Sunday's state average of $3.69 per gallon is 8 cents more than the week be

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Florida gas prices increased last week, as anticipated. Sunday's state average of $3.69 per gallon is 8 cents more than the week before. 
TFP File Photo

Florida gas prices increased last week, as anticipated. Sunday’s state average of $3.69 per gallon is 8 cents more than the week before. 

“Global fuel supplies continue to tighten, putting upward pressure on oil prices and subsequently, the price of gasoline,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

OPEC oil production cuts have caused crude oil prices to strengthen through the past month. On Friday, the U.S. price of oil closed at $90.77 per barrel. That was the highest daily price of 2023, and the most expensive since early November 2022. 

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Sunday’s state average remains 16 cents below this year’s high of $3.85 per gallon. On average, Florida drivers are currently paying $55 to fill an average-sized tank of gas.

That’s nearly $3 less than when gas prices were at their 2023 peak. 

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.84), Naples ($3.74), Gainesville ($3.72)
  • Least expensive metro markets – Panama City ($3.49), Pensacola ($3.51), Crestview-Fort Walton Beach ($3.51)

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