Setting records is usually a good thing, but in Florida and around the nation we are currently setting records for high prices of gas… not a good thing. The average price for a gallon of gas in the U.S. is up to $4.31, while in Florida it’s a few cents higher at $4.35. Osceola county’s average is a penny higher at $4.36, according to the latest numbers from the American Automobile Association (AAA).
Already high gas prices jumped even higher after President Joe Biden announced that the U.S. would be banning the import of all Russian oil.
Floridians already struggling with high prices all-around are now having to deal with record gas prices.
The increase in gas demand and a reduction in total supply contribute to rising pump prices. But, increasing oil prices plays a leading role in pushing gas prices higher. Consumers can expect the current trend at the pump to continue as long as crude prices climb, according to AAA.
Central Florida relies on tourism to support its economy and to keep people working, so how will these record setting gas prices affect the tourism industry? We have reached out to the local tourism industry and will be publishing an article later this weekend discussing that issue.