Florida alone has seen a 50 cent spike just since last week and industry experts expect it will only get worse.Just a few hours later it increased to $4.19 a gallon.
“I’m just making sure I don’t get to like an empty tank. I’m filling up at a quarter or a half of a tank, nothing lower to make sure I’m not spending that much,” said Brindis. “The record high state average price for gasoline here in Florida was $4.08. That was back in July of 2008. Based on the way things are going I would anticipate us to breach that price before the end of the week,” said Jenkins.“I think that we’ve seen so much volatility and oftentimes it’s driven by headlines out there. As decisions are being reviewed and made it’s moving oil prices directly,” said Jenkins.
For long-term solutions, AFPM is recommending the approval of more domestic pipelines, amending the Jones Act, which increases the cost of shipping oil domestically by water and altering the Renewable Fuel Standard, which requires a certain percentage of ethanol in gasoline.
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