The national average for a gallon of regular gasoline has increased by four cents to $3.24, the highest pump price since October 2014 and $0.7 more than just a week ago. According to new data from the Energy Information Administration, the main culprit for rising pump prices remains high crude prices above $70 per barrel and the trend of increasing prices is expected to continue.
The average price for a gallon of regular gasoline in Florida is $3.17 and slightly lower in Osceola at $3.14 per gallon.
Officials are anticipating a possible cold winter in North America, which could lead power-generating companies to switch over from natural gas to diesel or crude oil to power their plants, given the high price of natural gas. That could put even more upward pressure on the price of crude oil and with it, the price of gasoline.