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The price of gasoline in Florida saw an increase of 16 cents per gallon amidst rising tensions between Iran and Israel, which has created uncertainty in international fuel markets.
According to a warning from the AAA – The Auto Club Group, cited by El Nuevo Herald, the state average initially fell to 2.95 dollars per gallon last Wednesday —its lowest point since May 10— but then surged to 3.15 dollars on Thursday, marking the highest price since May 2. By Sunday, the average slightly decreased to 3.11 dollars per gallon, according to the AAA's weekly report.
Mark Jenkins, spokesperson for AAA, warned that prices could continue to rise if tensions persist or if the global oil supply is disrupted.
"Until now, the impact has been measured, but market analysts are closely monitoring the evolution of the situation in the coming days," he stated.
The recent American airstrikes against Iranian nuclear facilities and the responses from the Iranian government led to a temporary spike in oil prices at the beginning of this week.
Although the markets have stabilized since then, a latent threat persists: the potential closure of the Strait of Hormuz, a strategic route through which approximately 20% of the world's oil flows.
Although the Iranian Parliament has already approved the measure, a final decision from the country's Supreme National Security Council is still pending, the cited media emphasized.
According to El Nuevo Herald, the geopolitical conflict had already pushed crude oil prices to their highest level since January.
On Friday, the barrel closed at $74.93, about two dollars higher than the previous week, and during weekend overnight trading, prices ranged between $74 and $77 per barrel.
In comparison, the average price of oil in May was $60.
Regarding regional prices in Florida, the most expensive markets reported were West Palm Beach-Boca Raton ($3.27), Naples ($3.18), and Gainesville ($3.18).
The cheapest were Crestview-Fort Walton Beach ($2.90), Panama City ($2.93), and Pensacola ($2.96).
This Monday, President Donald Trump reacted to the rise in oil prices with messages on his social network Truth Social.
"Everyone, keep oil prices low. I'm watching you! You're playing right into the enemy's hands. Don’t do it!" he wrote in an initial post.
In another post directed at the Department of Energy, he emphatically ordered: “Drill, damn it, drill! And I mean it, now!”.
His statements reflect the president's direct pressure to accelerate domestic production and contain fuel prices.
Frequently Asked Questions about the Increase in Gas Prices in Florida and the Conflict Between Iran and Israel
Why has the price of gasoline increased in Florida?
The increase in gasoline prices in Florida is due to the rising tension between Iran and Israel, which has caused uncertainty in international fuel markets. This situation has led to a temporary rise in oil prices, directly affecting gasoline costs in Florida.
How does the conflict between Iran and Israel affect the oil market?
The conflict between Iran and Israel has led to a rise in oil prices due to fears of a possible disruption in the global oil flow, especially if the strategic Strait of Hormuz, through which about 20% of the world's oil passes, is closed.
What are the regions with the highest and lowest gas prices in Florida?
In Florida, the regions with the highest gasoline prices are West Palm Beach-Boca Raton, Naples, and Gainesville, while the lowest prices can be found in Crestview-Fort Walton Beach, Panama City, and Pensacola.
What has Donald Trump said about the rise in oil prices?
Donald Trump has reacted to the rise in oil prices by urging to keep prices low and ordering the Department of Energy to accelerate domestic production. On his social media platform Truth Social, he expressed his concern about the impact of rising oil prices on the economy.
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