- The national average gas price rose 15 cents last week to $4.09 due to instability in the Strait of Hormuz and crude oil prices hitting $90 per barrel.
- Florida's average gas price decreased slightly to $3.93 per gallon, ranking 20th lowest nationally, while Gainesville's local price dropped to $3.94.
Continued instability along the Strait of Hormuz between the United States and Iran has led to the national average per gallon of gas jumping 15 cents over the past week to $4.09.
According to the AAA’s weekly report released on Thursday, the national average cost per gallon increased to $4.09 from last week’s $3.94. In the Gainesville area, the price decreased from $3.97 last week to $3.94, and statewide, while Florida’s average price dropped from $3.95 to $3.93.
“The national average for a gallon of regular gasoline jumped 15 cents from last week to $4.09. Most states are now averaging $4 per gallon or higher,” the AAA release stated. “Rising crude oil prices are behind the spike at the pump. Volatility along the Strait of Hormuz and instability in the region have pushed crude oil prices into the $90 per barrel range and could continue driving up costs during the second half of summer.”
In May, the price shot up to $4.56 per gallon in the Gainesville area, with the average Florida price at $4.51 and $4.56 nationwide.
The latest data from the Energy Information Administration (EIA) shows that gasoline demand has increased since July 16 from 8.84 million barrels per day (b/d) to 8.94 million. The total domestic gasoline supply has increased from 210.5 million barrels of crude oil (bbl) to 211.3 million. Gasoline production increased, averaging 9.7million barrels per day.
Thursday’s national average for a gallon of gas is $4.09, which is up 17 cents since last month’s $3.92. Last year, the price was $3.15.
Florida has the 20th-lowest price per gallon in the nation at $3.93. Last month, gas was at $3.68 per gallon, and last year it was $3.00 statewide.
In the Gainesville area, last month’s price was $3.68 per gallon, and last year it was $3.10.
According to GasBuddy.com, here are the cheapest stations to fill up at in Alachua County:
- $3.71 at Kangaroo Express & Mobile, 19531 NW US Hwy 441, High Springs
- $3.74 at Raceway, 15330 NW US 301, Waldo
- $3.79 at Murphy Express, 6323 NW 23rd St., Gainesville
- $3.79 at Chevron & Circle K, 5708 NW 34th St., Gainesville
- $3.79 at Sunoco, 5310 NW 13th St., Gainesville
- $3.79 at Pilot, 17276 US 301, Waldo
- $3.79 at Shell, 6807 NE US 301, Hawthorne
- $3.79 at Sam’s Club, 4001 SW 30th PL, Gainesville
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($5.57), Hawaii ($5.42), Washington ($5.07), Alaska ($4.72), Nevada ($4.69), Oregon ($4.60), Arizona ($4.30), Michigan ($4.26), Montana ($4.26), and Illinois ($4.25).
The nation’s top 10 least expensive gasoline markets are Indiana ($3.53), Mississippi ($3.64), Louisiana ($3.67), Tennessee ($3.70), Texas ($3.70), Kentucky ($3.72), Kansas ($3.74), Alabama ($3.75), Oklahoma ($3.76), and Arkansas ($3.79).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Hawaii (51 cents), Alaska (48 cents), New Hampshire (47 cents), California (46 cents), Louisiana (46 cents), Illinois (45 cents), New Jersey (45 cents), Arkansas (45 cents), and Arizona (44 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (30 cents), Missouri (32 cents), Iowa (33 cents), Maryland (34 cents), Utah (34 cents), South Dakota (35 cents), Nebraska (35 cents), Vermont (35 cents), New Mexico (37 cents), and Minnesota (37 cents).