Times of India·3 min read·medium

Florida gas prices top $5 a gallon as statewide average reaches $4.29

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Florida gas prices top $5 a gallon as statewide average reaches $4.29
AI Summary

Gas prices in Florida have surged to an average of $4.29 per gallon, with some stations exceeding $5.00. The increase is attributed to rising global oil prices driven by geopolitical tensions in the Strait of Hormuz.

Why it matters

Rising fuel costs directly impact consumer purchasing power and contribute to broader inflationary pressures in the U.S. economy.

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Drivers in Florida are paying more at the pump as petrol prices continue to climb, with some stations already charging more than $5 a gallon for regular gas. On Wednesday, September 23, gas prices at a Delray Beach Shell station hit $5.19 a gallon, Reuters reported. Some rural stations are charging even more.The statewide average reached $4.29 a gallon on Wednesday, the highest since May, according to the American Automobile Association (AAA). Prices continue to rise. One DeLand station off Interstate 4 was charging $5.39 for regular gas for those who pay in cash, and $5.49 for credit card users. Its premium blend, Amoco Ultimate, now costs $6.19 a gallon in cash and $6.29 by credit card. In Miami Beach, a Shell at 508 Arthur Godfrey Road hit $5.59, while a nearby Chevron sat at $5.09.

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