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Home » Our Florida Insurance Blog | BB Insurance Marketing, Inc. of Fort Lauderdale FL » South Florida Gas Prices on the Rise but For How Long?

South Florida Gas Prices on the Rise but For How Long?

Tuesday, May 10, 2016
by dnicoletti

Category: Blog

Tags: Florida • Gas Prices • Insurance

Gas prices jumped 10 cents in much of South Florida last week, and you can expect the same this week. In Palm Beach County, the average price per gallon of regular unleaded is $2.33, 10 cents more than a week ago but 39 cents below prices a year ago, according to auto clubAAA. Broward County’s average is $2.27, also 10 cents more expensive than a week ago and 39 cents cheaper than a year ago. In Miami-Dade County, stations on average are selling a gallon of regular unleaded gas for $2.28, 9 cents above prices a week ago, yet for 38 cents less than a year ago

The current national average is $2.22, 8 cents more expensive than a week ago but 39 cents less than a year ago. Across Florida, the average price is $2.21, 13 cents higher than a week ago and 37 cents lower than a year ago.

Some analysts foresee prices going toward $50 a barrel, but others believe it will soon fall back to less than $30 a barrel, and if oil prices drop, then gas prices would be “plummeting” back to lower prices this year, AAA said.

BB Insurance Marketing is a full-service insurance agency located in South Florida that specializes in business, personal and benefits insurance. Childcare, gas stations, pest control and restaurants are just a few of the niche markets we work in. BBIMI’s insurance expertise extends all across the state, so we’ve got you covered with a quality policy you can depend on!

(via Sun Sentinel)

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