Florida – The American Automobile Association (AAA) reported that motorists paid the highest gas prices for the month of February in 3 years.
The monthly average for a gallon of regular unleaded gasoline in Florida was $2.28, which was the same figure for national gas prices. Compared to February 2016, this was a 51 cent increase for Florida. The average cost for a full tank of gas was $34, which is $8 more than February 2016.
“February usually signals the start of a seasonal upswing in gas prices, but that did not happen this year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Oil prices held steady between $52 and $54, which kept a lid on gas prices. However, the final day of February delivered a slightly higher pump price, which could be a hint of things to come.”
“Gas prices usually follow an upward trend from February to Memorial Day,” Jenkins continued. “In the past five years, prices rose between 35-75 cents during that four month period. This happens because refineries enter maintenance season, causing them to produce less gasoline at a time when demand is on the rise. If oil prices remain steady, pump prices would likely stay in the low end of the historical range.”
For more information, visit AAA.com.
Chart courtesy of AAA.
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