Florida gasoline prices rise 15 cents in a week

Gasoline prices in the Sunshine State are on the rise again.

The average cost of a gallon of regular unleaded fuel in Florida rose 15 cents last week to $3.41, a new high for 2023, according to a statement from AAA, The Auto Club Group. The price around the Tampa Bay metro area hit $3.39 on Monday.

Gasoline prices across the country and state were trending lower in the last half of 2022, with Tampa Bay gasoline averages dive below $3 in December for the first time in 15 months. Now local prices are affected by global oil prices as the market expects China to further reopen its economy, as well as its vast oil supply.

“Over the past two weeks, oil prices have risen sharply on the belief that demand for fuel will increase as China reopens its economy. China is the world’s largest importer of oil, and as oil is a globally traded product, global fluctuations in supply and demand have a direct effect (on) local prices, as they always have,” the AAA spokesperson said. , Mark Jenkins, in a statement.

While statewide gasoline prices have fallen nearly $1.50 a gallon from the record set in June, the average is still 18 cents higher than it was a year ago. year.

In the Tampa Bay area, a gallon of mid-grade fuel sold for about $3.76, premium $4.09, and diesel $4.78.

The Tampa Bay Times has a team of reporters who focus on rising costs in our area. If you have an idea, question or story to tell, please email us at [email protected].

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