What has contributed to the recent increase in gas prices?
WEST PALM BEACH, Fla. — Drivers may have noticed that gas prices have once again risen. Experts attribute the surge to a combination of growing demand and limited supply.
Currently, the average price of a gallon of regular gasoline in Florida is around 60 cents less than the national average.
According to AAA, the national average is around $3.91 and approximately $3.32 in Florida.
A AAA representative said that prices at the pump went down a lot before the beginning of October.
In the middle of last week, gas prices decreased by an average of 23 cents a gallon. This was significantly influenced by the state’s gas tax holiday.
The subsequent price increase was a result of OPEC’s decision to reduce supply. Consequently, Florida’s average price per gallon is now $3.30.
Mark Jenkins of AAA said that Palm Beach County’s high gas prices could be caused by the high cost of living.
“If it’s expensive to live in Palm Beach County, then it’s expensive to own and operate a business in Palm Beach County,” Jenkins said. “Then expenses are going to be much higher. So that includes the cost of owning and operating a gas station and buying and selling gasoline.”
Currently, the average cost per gallon is around $3.50. A year ago, the price per gallon was $3.32.
