Florida gas prices unaffected by rise at California pumps, drop expected
Economists say refineries in Southeast fine
Posted: 10/09/2012
WEST PALM BEACH, Fla. - A recent rise in gas prices in California will have no impact on prices in Florida, according to economists at Northwood University.
Professor George Stamas said the high prices that are averaging near $5.00 in California are because of a limited supply at refineries that solely supply California.
"What's going on in California is going to stay in California. What's going on with prices there is confined to refinery problems in the delivery of gasoline, said Stamas.
Stamas said he actually expects prices to decrease in Florida in the next few months, estimating as high as 20-cent drop in prices.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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