Gas prices set a new record for the year at $3.51 a gallon. If a Russian invasion of Ukraine 'occurs and oil prices spike, that will most certainly drag gas prices higher too,' AAA spokesman Mark Jenkins said. 'To what degree, it's still unclear.'
Gas prices and quality differ from city to city and state to state. Here's everything you need to know about how gasoline in the U.S. works.Gasoline prices in Florida hit another high mark over the last week, increasing by 6 cents and setting a new record for the year at $3.51 a gallon, according to AAA-The Auto Club Group's weekly briefing.
The increase, nearly a dollar more than last year’s high price, comes after a slight dip in crude oil prices — a determining factor for the cost to consumers at the pump. Oil prices ended last week at about $93 a barrel, the first time in eight weeks they have dropped. Experts are still watching what effect tensions between Russia, Ukraine and the rest of the world could have on global energy markets.
In recent weeks Russia has moved thousands of troops to surround Ukraine prompting fears of an invasion. President Biden may meet with Russian President Vladimir Putin late this week. Russia is the second-largest oil-producing country behind Saudi Arabia. "It's hard to get too excited about the recent oil price drop, because prices could easily rebound if Russia invades Ukraine," AAA spokesman Mark Jenkins said.
"If an invasion occurs and oil prices spike, that will most certainly drag gas prices higher too," he added."To what degree, it's still unclear."Most expensive metro markets – West Palm Beach-Boca Raton , Fort Lauderdale , Gainesville . Daily gas price averages can be found at
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