Florida Gas Prices Rise Ahead Of July 4th Holiday

  

ORLANDO, Florida - Florida gas prices jumped 18 cents per gallon in the final days leading up to Independence Day, last week, according to AAA.

Florida drivers wound up paying an average price of $3.53 per gallon on July 4th. That was 27 cents per gallon more than what drivers paid on Independence Day last year, but still much less than the average price in 2022 ($4.54/g). 

"Florida drivers are now paying the most expensive gas prices in nearly two months," said Mark Jenkins, spokesman, AAA - The Auto Club Group. 

"Fuel prices face continued upward pressure on concerns about Tropical Storm Beryl, and economic data suggesting that the U.S. Federal Reserve could lower interest rates to boost growth."

Hurricane Beryl made landfall on the Texas coastline on Monday. The Gulf Coast is home to nearly half of the fuel refining capacity in the United States. 

The majority of Florida's gasoline supply sails into the state from this region, which includes Texas, Louisiana and Mississippi. 

AAA says that, based on initial reports,  Beryl is not expected to cause significant disruptions to U.S. offshore oil-and-gas production. 

However, the full extent of the storm's impact on fuel prices will likely not be known until several days after it passes. 

Most Expensive Florida Metro Markets:

West Palm Beach-Boca Raton ($3.67)

Naples ($3.58)

Homosassa Springs ($3.57)

Least Expensive Metro Markets:

Crestview-Fort Walton Beach ($3.20)

Pensacola ($3.22)

Panama City ($3.22)