AAA: Gas prices could rise another 50 cents per gallon this year

Palm Beach County’s average gas price leads Florida at $2.93 per gallon, and a rise of another 50 cents this year is a real possibility, says motorist group AAA, citing partners at the Oil Price Information Service.

“OPIS believes oil prices could reach as high as $90 per barrel before the end of the year,” AAA said in a statement early Monday. “While that high is not guaranteed, gas prices would be 50 cents higher, if it happened.”

Florida gas prices remain at their highest levels in three years, and a full tank costs an average of $42, an increase of $8 from this time last year, AAA said. The per-gallon price is still below a high of $4.08 in 2008, but prices above $3 are already appearing at some local stations and could become the norm as the year progresses.

Heading into the unofficial start of the summer driving season Memorial Day weekend, the average family is expected to pay a total of $200 more for gasoline this summer than last year, and $250 more than in the summer of 2016, the group said. At the same time, U.S. producers are increasing their output, and that’s taking the edge off for now. State and local average gas prices stayed within a penny of where they were a week ago.

Still, gas inventories are dropping as international tensions increase, fueled in part by President Donald Trump’s exit from the Iran nuclear deal, which is expected to result in sanctions that effectively limit the supply of Iranian oil on world markets.

In West Palm Beach, prices on Sunday ranged from $2.70 per gallon at five stations to $3.24 at Texaco on Palm Beach Lakes Boulevard, according to price-tracker GasBuddy.

In Jupiter, the cheapest gas was $2.75 at Mobil on Indiantown Road and Alt. A1A and Circle K on W. Indiantown Road and Orange Road. Four stations tied for the highest at $3.09.

In Wellington, the lowest price was $2.79 at Shell on US 441 near Southern Boulevard and the highest was $3.09 at Shell on Southshore Boulevard, according to GasBuddy.

 

 

 

 

Gas prices jump 10 cents after Trump exits Iran deal

Florida gas prices shot up 10 cents in a week for the costliest fill-up since November 2014, with Palm Beach County’s average leading the state at $2.92 per gallon.

Gasoline prices are relatively unchanged over the last week.

The pump prices reflect a rise in the cost of oil after President Donald Trump pulled out of the Iran nuclear deal and markets anticipated sanctions will limit the amount of Iranian oil in the global supply, analysts said.

That makes the average tank cost about $7 more than it did a year ago in Florida, heading into what is expected to be the busiest Memorial Day driving season in 12 years, according to motorist group AAA. More than 41 million drivers are projected to hit the road during the holiday weekend that kicks off the unofficial start of summer, up 5 percent over last year.

A strong economy has many motorists planning to travel, but drivers increasingly may find budgets pinched for “other expenses like shopping and dining out,” said AAA/The Auto Club Group spokesman Mark Jenkins.

Gas costs nearly 50 cents more per gallon in Florida than it did a year ago.

That’s still well below a high of $4.08 in 2008, but represents a considerable increase over the past 12 months.

Prices can vary more than 40 cents per gallon within the same city, so drivers not blessed with unlimited budgets may find it worthwhile to pay attention.

In West Palm Beach, prices Sunday ranged from $2.72 at Cumberland Farms on Cresthaven Boulevard to $3.19 at Texaco on Palm Beach Lakes Boulevard, according to price-tracker GasBuddy.

In Delray Beach, the spread ran from $2.77 at Murphy USA on Military Trail to $3.24 at Mobil on S. Federal Highway.

In Palm Beach Gardens, prices ranged from $2.75 at Sunoco on PGA Boulevard to $3.19 at Shell on the same road.

In Royal Palm Beach, costs varied from $2.70 at Marathon on Okeechobee Boulevard to $3.09 at Exxon and Chevron stations in the village, according to GasBuddy.

 

 

 

 

 

 

 

 

 

 

 

 

Gas price hikes easing? Not if Trump exits Iran deal, analysts say

Update: President Trump tweeted Monday, “I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00 p.m.”

Original post: Retail gas prices sit in a restless and jittery lull as analysts say higher costs at the pump likely await if President Donald Trump pulls out of the Iran nuclear deal by May 12.

Already oil prices have reached a 2018 high, and Friday contracts marked the priciest since November 2014. Generally that means higher costs at the gas station are in the pipeline.

Retail  prices have held steady for a week but “all bets are off right now, pending the President’s decision” on the Iranian nuclear deal, said Mark  Jenkins,  spokesman for motorist organization AAA/The Auto Club Group.

Palm Beach County’s average price fell a penny to $2.85 per gallon as it remained the state’s costliest market, according to AAA. Florida’s average fell one cent to $2.73 on Sunday, but that’s up 35 cents compared to this time last year.

Pulling the U.S. out of the Iran nuclear deal by a May 12 renewal deadline could mean reimposed sanctions against Iran and effectively take 1 million barrels of Iranian oil per day off the world market, resulting in reduced global oil supply and higher fuel prices, AAA said.

In Jupiter, often the priciest town in the priciest market in Florida for gasoline, costs at the pump ranged from $2.67 at a Mobil on Indiantown Rd. and Alt. A1A to $2.99 at Mobil and Shell stations elsewhere on Indiantown Road, according to price-tracker GasBuddy on Sunday.

In West Palm Beach, the low-priced leader was Cumberland Farms, $2.62 on Cresthaven Blvd. near Military Trail, according to GasBuddy.

Gas prices: Today ends most expensive April in four years

Pump prices held steady in Florida and Palm Beach County to close out the priciest April since 2014.

(Getty Images)

The  county’s average remained unchanged since last week at $2.86, but is still the highest in the state according to motorist group AAA.

Statewide the average stayed at $2.74,  but that’s 10 cents more than a month ago, and 32 cents more than last year.

“Crude prices are about 33 percent more expensive than they were this time last year,” said AAA spokesman Mark Jenkins. “Expensive oil means expensive gasoline.”

Sometimes prices vary widely within the same city, so keep an eye peeled.

In Palm Beach Gardens, for example, prices ranged from $2.72 at a Sunoco on PGA Boulevard and Prosperity Farms Road to $3.09 at another Sunoco and two Shell stations elsewhere in the same city, according to GasBuddy.

 

 

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.

 

Gas prices jump 4 cents on spring break, Palm Beach prices top state

Spring break got gas prices moving. Florida prices climbed four cents in two days and Palm Beach County pumps dispensed the state’s costliest go juice, averaging $2.65 a gallon.

The statewide average of $2.53 on Sunday is 26 cents more than this time last year, according to AAA The Auto Club Group.

“Demand in the southeast — especially in Florida— is strong, as Americans hit the road for spring break,” said AAA spokesman Mark Jenkins on Monday.

Crude oil prices remained steady but gasoline supplies contracted as refineries switched between seasonal blends, he said. After prices fell early last week, they picked up by Thursday and Friday, officials said.

The market including West Palm Beach and Boca Raton led the way, followed by Naples ($2.59), and Miami ($2.58).

To keep things in perspective, Florida’s average on Sunday was a penny lower than the national average  and well under the highest price on record, $4.08 on July 17, 2008.

 

Self-driving cars: Oops, 3 out of 4 drivers fear them, survey says

Not so fast, prophets of an automated driving future.

Despite all the talk that self-driving cars represent a safer and more convenient road ahead, 54 percent of drivers said they feel less safe at the thought of sharing the pavement with said vehicles and 78 percent fear actually riding in one, a new survey finds.

TV’s Knight Rider could drive itself when needed.

Older drivers including Baby Boomers (60 percent) were more wary than Millennials (41 percent) about sharing the road, according to a survey by driver organization AAA. Still, only 10 percent of drivers in all age groups said they would feel positively safer around the automated vehicles, though 34 percent said it would not make a difference.

Significantly more people said they were afraid of riding in a self-driving car than driving near one, including a whopping 85 percent of women across all age groups compared to 69 percent of men.

A fatal accident last year involving a car on autopilot that did not recognize a large white truck against a bright sky as it crossed a highway in Williston, Fla. may not have done the industry many favors.

The polling suggests a bump in the road for visionaries who say the driverless age is just around the corner. Forward-leaning companies including Google, Uber, Tesla and a spate of other automakers have invested plenty of money.

“Consumers should always educate themselves concerning new car technology to fully understand the pros and cons,” said AAA spokeswoman Montrae Waiters in Tampa. “The key to consumer acceptance will be education. Autonomous vehicle safety features could potentially save lives.”

Feedback to this blog post: Hey, there are other things to worry about first, said Tomas Revesz, co-founder of the online insurance marketplace EverQuote.

“The good news for the 75% of Americans who are either afraid to ride in a self-driving car or to share the road with one is they have years, if not decades, before they need to worry about that occurring, despite the media hype that surrounds them,” Revesz said.”Not only is the technology not ready for mass adoption, but lawmakers and insurance providers are far from providing sound solutions that would support the safe and orderly transition to roads dominated by autonomous vehicles. The real danger over the next ten years is not a growing self-driving car population, but the increasing epidemic of distracted driving. Drivers should focus their attention on putting their phones down so we don’t continue to lose 35,000 lives a year until self-driving cars are everywhere.”

You betcha: There are actually betting odds related to automated car safety, we are informed.