Early estimates predict that Central Florida’s fuel prices could reportedly
jump as much as 25 cents in the near future.
A gallon of regular unleaded fuel dropped in price by 1.1 cents over last week, to $2.54 a gallon. Meanwhile, fuel prices across the rest of the country increased by 5 cents, bringing the national average to $2.71 while wholesale prices continue to climb.
In other words, Orlando could see prices hike as high as $2.70 or more, AAA spokesman Mark Jenkins says. At the moment, the Sunshine State’s average price is $2.61 a gallon, making it one the lowest in Florida.
Jenkins says the increase in gas prices nationwide in the last few weeks comes as a result of the escalation of military conflict in Syria
, due to refinery maintenance and production cuts from OPEC members.
The above figures conclude that oil trading is at its highest since May 2015, with prices increasing by about 8 percent in the last 10 days. As of Monday, a barrel of crude oil was reportedly trading for about $66.60 in midday trading on the New York Mercantile Exchange.
Nationwide demand for gasoline is essentially flat from last year.
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