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Tag: Gas Prices

Why prices are rising – and when they could go back down

FORT MYERS, Fla. — Lately, it seems like just about everything we buy is costing us more. For starters, gas prices have hit nearly $3 per gallon in Fort Myers. “I like to shop around, but at the same time you have to accept that if you need the gas, you gotta get the gas,” Daniel Bevarly said while at the pump.  The price of a vehicle itself is also on the rise. Analysts say used car prices in particular are up about 20% over the past year.   Price hikes have also hit grocery stores — specifically the meal coolers. The USDA says beef prices are up...

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Florida’s Memorial Day gas prices were lower than 2018 holiday levels

FORT MYERS, Fla. — Gas prices in Florida on Memorial Day averages $2.86 per gallon. Although the state average was higher than the last two years, it was 5 cents less than what drivers paid in Florida during the 2018 holiday weekend. Gas prices in the Sunshine State have been on the decline over the last two weeks, dropping nearly 3 cents. The state average is now 7 cents more than a month ago and nearly a dollar per gallon more than this time last year. “Gas prices are relatively stagnant as we enter the start of the busy summer driving season,” Mark Jenkins, a spokesman...

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Colonial Pipeline cyber attack won’t affect Florida’s gas supply, but prices could shift

A cyber attack on Friday caused a major U.S.fuel pipeline to temporarily halt operations as officials work to mitigate the threat. A Russian criminal group called DarkSide could be responsible for using ransomware to extort the Colonial Pipeline, which carries fuel from Texas and supplies states across the southeastern US and up to the New York Harbor, NBC News reported. As Florida receives its fuel largely from Gulf Coast refineries via waterborne vessels, the state will be well supplied with gasoline as officials work to restart the pipeline, according to The Autoclub Group [AAA]. Prices...

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Average Florida gas prices barely lower than last week

Florida gas prices are averaging about 1-cent cheaper than what they were last week, according to AAA. The average price for a gallon of gas in Florida is $2.83. Motorists will find the highest gas prices in West Palm Beach-Boca Raton ($2.96), Tallahassee ($2.90), and Panama City ($2.90). The lowest prices were reported in Punta Gorda ($2.75), Jacksonville ($2.76), and Orlando ($2.77). AAA surveys up to 130,000 gas stations every day and average prices in their reports are for regular, unleaded gasoline. The post Average Florida gas prices barely lower than last week appeared first on NBC2 News. ...

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Florida gas prices level off after 3-week decline

TAMPA, Fla. – Florida’s gas prices are beginning to stall after three weeks of steady decline, according to The Auto Club Group [AAA]. “It’s possible that strong springtime gasoline demand is helping to keep a floor on falling prices. However, current fundamentals point toward additional declines in the near future,” said AAA spokesman Mark Jenkins. “Retail prices have not fully adjusted to recent drops in the wholesale price of gasoline. Meanwhile, market speculators remain worried about global demand, amid reports of lockdowns in Europe and surging cases...

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