AAA: Gas Prices Stabilize After Hitting 2021 High
Florida gas prices stabilized over the weekend after rising another 13 cents last week. According to AAA, the state average is now $3.31 per gallon, a new 2021 high and the most expensive daily average price since 2014.
Florida pump prices have climbed a total of 26 cents this month, increasing by a total of $1.12 per gallon since Jan. 1. The price of U.S. (WTI) crude oil has climbed 76 percent this year; going from $47 per barrel in January to nearly $84 per barrel last week. However, gasoline futures finished the week 1 cent lower than the week before, a positive indicator that retail pump prices could stabilize this week.