Florida gas prices down slightly Monday

Florida gas prices down slightly Monday

Monday morning brought some slight relief for Floridians struggling with record-breaking gas prices. Monday saw the average price of $4.32, a few cents lower than Friday’s all-time high of $4.37. The price is still much higher than people are used to paying. A week ago the average was $4, a month ago the average was $3.45 and a year ago the average was $2.86. Related: Rising gas prices dampens spring break plans in Central Florida Related: Florida truckers stand to pay hundreds more at the pump because of rising fuel costsA gallon of gas costs more than it ever has — and experts say the price increases won’t be stopping any time soon. The average price for a gallon of gas is $4.33, which is higher than it was in 2008 when it was $4.11. Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons — even though the US barely uses Russian oil. The problem at hand is that Russia is one of the world’s biggest oil suppliers and lower supply affects global prices. In response, the Biden administration is quietly eyeing Saudi Arabia and the United Arab Emirates to offset surging oil prices. For that to happen, US officials will have to address severely strained relationships between the Biden administration and both countries. Industry analyst Trilby Lundberg of the Lundberg Survey said gas prices are likely to remain high in the short term as crude oil costs soar amid global supply concerns following Russia’s invasion of Ukraine. Nationwide, the highest average price for regular-grade is in the San Francisco Bay Area, at $5.79. The lowest average is in Tulsa, Oklahoma, at $3.80.Related: Orlando rideshare drivers considering other jobs due to record-high gas pricesThe Associated Press and CNN contributed to this article

Monday morning brought some slight relief for Floridians struggling with record-breaking gas prices.

Monday saw the average price of $4.32, a few cents lower than Friday’s all-time high of $4.37.

The price is still much higher than people are used to paying.

A week ago the average was $4, a month ago the average was $3.45 and a year ago the average was $2.86.

Related: Rising gas prices dampens spring break plans in Central Florida

Related: Florida truckers stand to pay hundreds more at the pump because of rising fuel costs

A gallon of gas costs more than it ever has — and experts say the price increases won’t be stopping any time soon. The average price for a gallon of gas is $4.33, which is higher than it was in 2008 when it was $4.11. Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons — even though the US barely uses Russian oil. The problem at hand is that Russia is one of the world’s biggest oil suppliers and lower supply affects global prices. In response, the Biden administration is quietly eyeing Saudi Arabia and the United Arab Emirates to offset surging oil prices. For that to happen, US officials will have to address severely strained relationships between the Biden administration and both countries.

Industry analyst Trilby Lundberg of the Lundberg Survey said gas prices are likely to remain high in the short term as crude oil costs soar amid global supply concerns following Russia’s invasion of Ukraine. Nationwide, the highest average price for regular-grade is in the San Francisco Bay Area, at $5.79. The lowest average is in Tulsa, Oklahoma, at $3.80.

Related: Orlando rideshare drivers considering other jobs due to record-high gas prices

The Associated Press and CNN contributed to this article

.

Back to top