Pump prices are back on the rise due primarily to the high cost of crude oil along with Russia’s continued invasion of Ukraine. The average price for a gallon of gas nationally is $4.19, while in Florida it’s 2 cents lower at $4.17. Osceola drivers are seeing an average of $4.15 per gallon of regular unleaded.
The cost of a barrel of crude continues to hover around $100, and with the oil price accounting for about 60% of pump prices, the national average for a gallon of regular is now $4.19, an increase of seven cents since Monday, April 25.
“As long as the supply remains tight, it will be hard for crude oil prices to fall and consumers will in turn face higher prices at the pump,” said Andrew Gross, AAA spokesperson. “It now costs drivers in the U.S. about $23 more to fill up than a year ago.”
Gasoline demand decreased slightly, which would typically push pump prices lower, but the fluctuating oil price and tight gasoline supply have pushed pump prices higher. Pump prices will likely continue to rise as oil prices remain above $100 per barrel.
Today’s national average for a gallon of gas is $4.19, $1.29 more than a year ago.
