Florida gas prices are soaring

Higher gas prices in Florida may be here to stay

JACKSONVILLE, Fla. - Florida gas prices have inclined recently in response to recent political issues, and the new prices may be here to stay.

According to AAA, the average price of a gallon of unleaded gas on Friday cost $3.67 -- up 16 cents from one week ago and 29 cents from this time last year.

Florida also has among the highest prices in the Southeastern United States.  Just over the line in Georgia, the price of gas drops about 11 cents.

Drivers in Jacksonville are paying the national average price of gas within a penny.

Summer is always a time where gas prices rise, but there is more going on than the expected season difference in the cost of filling up your tank.

Recent global events like the fall of the Egyptian government and disputes in Northern Africa have many oil suppliers becoming extra cautious, according to CNN.

"Two things: Geopolitical tensions in the Middle East, where much of the US's crude oil comes from, as well as a decline in crude oil supply," said Patrick DeHaan.

The price of oil is up again. Benchmark crude for August delivery gained 48 cents to close at $106.48 per barrel on the New York Mercantile Exchange. Oil is up nearly $10 a barrel in July, and prices keep rising at the gasoline pump.

The Gulf Coast has the highest average price in the state of Florida right now. People in Naples are paying more than $3.70 a gallon for gas.

Tampa is a different story, as they're paying about 20 cents less at $3.50 and in Orlando, the average price is also a little lower, at $3.54.

Drivers in Alabama are getting a bargain, paying, $3.41 a gallon of gasoline.

The lowest reported price for gas in America right now is just up the east coast in South Carolina and the biggest pain at the pump is happening out west.

According to AAA and GasBuddy.com, average prices are the highest in Hawaii at $4.31 per gallon. The current average is now over $4 a gallon in California with the worst prices in Los Angeles.

Oil investors have started worrying about the Federal Reserve limiting the stimulus, therefore prices of important commodities like gold have tremendously decreased in value, having the latter affect on oil.

More Americans are out on the road this summer, taking road trips and other vacations. That alone has taken oil inventories down by 24 million barrels since the end of May, according to CNN. A shorter oil supply means higher prices for the consumer.

Despite the usual summer increase, higher gas prices could be here to stay.  People may want to look at long-term strategies to reduce their fuel consumption -- or be prepared to pay the price.

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