The national average for a gallon of regular gasoline increased by twelve cents since last week to hit $3.67. In Florida, the average price is $3.61 per gallon, with Osceola drivers seeing the average price for a gallon of regular at $3.65.
The main culprit for the increasing gas price is the high cost of oil, gasoline’s main ingredient, which is hovering in the low $80s per barrel. The national average has risen daily since March 29.
“When the cost of crude oil crosses the $80 a barrel mark, that puts a lot of upward pressure on what we pay at the pump,” said Andrew Gross, AAA spokesperson, “and as long as oil costs remain at the current level, drivers will likely see incremental price increases for now.”
The U.S. price of crude only rose 2%, but it was enough to reach a new 2023 high of $83.26 per barrel. There could be about a 5-cent increase at the pump.
