Gas prices hit three-year high

Brace your wallets. Prices have popped to three-year highs at the gas pump.

Florida’s statewide average of $2.74 per gallon marked the highest since December 2014, according to motorist organization AAA The Auto  Club Group. It costs $5 more to fill the average Florida tank than it did a year ago.

Palm Beach County holds the dubious honor of leading the state with an average of $2.86, by AAA’s count.

That puts a premium on shopping around. In Jupiter, prices ranged from $2.73 at the Circle K on West Indiantown Road to $3.07 at the Mobil at West Indiantown and Central Boulevard, per price-tacker GasBuddy  on Sunday evening.

Blame high oil prices, said AAA spokesman Mark Jenkins.

“The price of oil is about 25 percent more than last year, as what used to be a global supply glut is now tightening,” Jenkins said.

Gas prices are likely hit their annual peak within the next couple weeks if they are not there already, Jenkins said.

Global tensions or an early storm in the Gulf of Mexico could push prices higher still, but the bottom line is “travelers will likely find the most expensive summer gas prices in four years,” he said.

Florida ranks 20th among the states for the most expensive gas. Of course, it could be worse. It could be 2008, when Florida’s average peaked at $4.08.

In Wellington,  prices ranged from $2.77 at the Shell on 441 near Southern Boulevard and the Marathon on State Road 7 near Pierson Road to $2.99 at the Shell on Southshore Boulevard.

In West Palm Beach, the low-price leader was Murphy USA on Belvedere Road with $2.66 per gallon on Sunday, according to GasBuddy.

 

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