Download: RSS | Email Alerts | Mobile
Print this Story
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large

Gas price in Florida keep rising

Reported by: WPTV staff
Email: webteam@wptv.com
Contributor: Associated Press
Last Update: 11/02/2009 11:55 am
(WPTV)
(WPTV)

PALM BEACH COUNTY, FL-- Florida gas prices have gone up around three cents a gallon since last week.
 
The average price for a gallon of regular unleaded is now at $2.73.

Experts are saying that in the coming weeks Florida prices may climb as high as $2.90/gallon.

Nationwide gas averaged nearly $2.70 a gallon Friday, the highest of the year - adding bad news to an already fragile economy and making it even less likely that people will spend their way out of the recession.

When a gallon of gas runs from $2.50 to $3, people begin to notice, energy experts say.

Gas prices are rising even as Americans drive much less than they did before the recession hit, and as the country sits on massive petroleum supplies. A weak dollar is making fuel more expensive.

Oil is bought and sold primarily in dollars. When the dollar falls, investors holding euros, for example, can buy more crude with less. And they have.

Since March 2, the value of the dollar has fallen 18 percent against the Euro. In that same period, a barrel of oil has doubled in price, to around $80. Pump prices have gone along for the ride.

The Associated Press contributed to this report

2 planes collide over central Florida
Authorities report two deaths after two planes collide over central Florida. Video VIDEO
Geologists report 5.6 earthquake off Cuba
A 5.6 magnitude earthquake hit near Cuba Saturday afternoon, according to the U.S. Geological Survey. Video VIDEO
Attacked teen in drug-induced coma
It is too early to know if Josie Lou Ratley suffered any brain damage. Video VIDEO
Firefighter accused of being Peeping Tom
An 8 year-veteran of the St. Lucie County Fire District was arrested on voyeurism charges after admitting he watched an intern shower at the fire station. Video VIDEO
Fatal car crash in Boynton Beach
One person is dead and another in critical condition following an early morning accident on I-95 in Boynton Beach. Video VIDEO
Got a question for a financial expert?
WPTV anchor Kelley Dunn and two financial experts answered your emails about the economic crisis and what to do about it. Now, you can get your questions answered on WPTV.com. Video VIDEO


Local Stories - Read All
  This site is hosted and managed by Inergize Digital.