Florida gas prices surge 21 cents to 4-month high as crude oil costs climb – news4jax.com

Florida gas prices surge 21 cents to 4-month high as crude oil costs climb  news4jax.com

Florida’s average gas price reached $4.33 per gallon Friday, the highest daily price since May 2026, as rising crude oil prices pushed fuel costs higher nationwide. FLORIDA – Florida’s average gas price reached $4.33 per gallon Friday, the highest daily price since May 2026, as rising crude oil prices pushed fuel costs higher nationwide. Prices edged lower through the weekend, settling at $4.30 per gallon Sunday. The increase at the pump comes as crude oil prices continue to climb. Oil prices rose by as much as 27% during the past three weeks. Tuesday’s closing price of $105.83 per barrel marked the highest daily settlement since May. “Rising oil prices contributed to the latest jump at the pump,” Mark Jenkins, spokesman for AAA, said.

“Ongoing tensions in the Middle East have created uncertainty about global oil supplies. That uncertainty has placed renewed upward pressure on oil prices. Since oil accounts for about half the price of gasoline, higher crude costs are making their way to gas stations nationwide.” Oil prices remain volatile, and future movement at the pump will largely depend on developments in global oil markets. Drivers are now paying about $65 to fill an average-sized 15-gallon gas tank. That’s roughly $6 more than a month ago and nearly $20 more than this time last year. Visit GasPrices.AAA.com to view