South Florida gas shortages reported as prices hit 4-year high, AAA says
On Wednesday, the national average was $4.22, while the average price in Florida reached $4.15 per gallon.
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On Wednesday, the national average was $4.22, while the average price in Florida reached $4.15 per gallon.
Florida gas prices declined slightly last week, with some of the cheapest fuel found in Miami-Dade and Broward counties despite rising oil costs.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
As of Saturday, AAA reported Florida's average diesel fuel price at $5.54 a gallon.
Major carriers and small business owners alike are passing higher fuel costs onto customers as gas prices soar, squeezing profits for businesses and gig workers across Florida.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The national average for gasoline on Wednesday was $4.15 a gallon, up a penny or two just since Tuesday, according to Gas Buddy petroleum analyst Matt McClain.
Gas shortages and skyrocketing prices hit Miami, forcing some stations to run out of fuel and drivers to dig into their savings.
Some South Florida drivers say they are opting to stay home instead of filling up their gas tank.
President Trump warned the U.S. "hasn't even started destroying what's left in Iran," and previewed that strikes on bridges and power plants could be next.
To help consumers navigate the higher costs of food and goods, CBS News Miami spoke with Mark Hamrick, the Senior Economic Analyst at Bankrate.
Experts attribute the interruptions to supply chain disruptions and a surge in demand, tied in part to panic buying.
U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushed U.S. gas prices over the $4 mark.
Experts report the national average for gasoline has reached $4.01, the highest level since August 2022, following the start of the Russian war against Ukraine.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
According to AAA, the average cost for a gallon of gas in Florida as of Monday was $3.95.
According to a Nova Southeastern University economics professor, necessities such as groceries could become more expensive as fuel costs used to ship goods continue to rise.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Reggie Mignon, owner of Hollywood Collision Center for nearly 20 years, shared several tips, including when to fill up, car maintenance, and managing cargo.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Gas prices surged by a dollar in just a week across South Florida as uncertainty over the war in Iran rattled oil markets.
According to AAA, Florida's new average for a gallon of gas rose $0.56 in the last week.
