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Florida gas prices reach highest levels in 5 weeks, AAA says

By Fox 13 News staff
Published  May 9, 2022 10:01am EDT
Florida
FOX 13 News

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TAMPA, Fla. - Gas prices have reached a five-week high in Florida, according to AAA – and experts warn there could be more price hikes on the way.

As of Sunday, the state average for a gallon of regular gasoline is $4.20. That's 2 cents more than last week, 10 cents more than a month ago, and $1.32 more than this time last year, AAA says.

On average, Florida drivers are paying $63 to fill an average-sized tank of gas – $20 more than this time last year.

"There were some noteworthy gains in both oil and gasoline futures last week, which may result in additional increases at the pump this week," said AAA spokesperson Mark Jenkins. "Gasoline futures soared to a new record high last week. The increase is attributed to a combination of factors, including steady weekly declines in gasoline supplies and expectations that summer fuel demand will far outpace what we saw last year."

RELATED: US inflation report: Consumer prices jumped 8.5% in past year, highest since 1981

AAA offers the following tips to save money at the pump:

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community. 
  • Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.