Ida will likely raise gas prices in Florida

FORT LAUDERDALE, Fla. – Hurricane Ida was one of the most powerful storms to hit the United States, and while the damage to Louisiana is of the greatest concern, we will feel the impact at the gas pump here in Florida.

Ida made landfall in a Gulf Coast region that is home to oil rigs, refineries, terminals, and ports that are critical to our fuel supply chain. Most of Florida’s gasoline ships from refineries in Texas, Louisiana, and Mississippi.

“Drivers will almost certainly see gas prices rise this week due to the effects of Hurricane Ida on the Gulf Coast,” said Mark Jenkins, spokesman for the American Automobile Association. Based on the overnight movement in the futures market, a 10-20 cent jump at the pump is not out of the question. Where gasoline prices go from here will depend on the magnitude of the damage and how long it will take for fuel production and transportation lines to return to normal. “

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AAA says that refineries in Louisiana, Mississippi, Texas and Alabama represent “more than 45% of the nation’s capacity to refine crude oil into gasoline and other important products. In addition, the region is home to almost 2,000 offshore oil platforms, which represents 17% of the nation’s crude oil production. “

Florida’s average gas price has fallen steadily since hitting a 2021 high of $ 3.03 for a gallon of regular unleaded gasoline on August 5. AAA had forecast a continued decline in prices due to COVID-19 concerns and the end of summer travel, but Ida appears ready to change that.

On Monday morning, the Florida average price for a gallon of regular unleaded gasoline was $ 2.94, which is lower than the national average of $ 3.15 and lower than the Florida price of $ 2.98 earlier last week.

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Gasoline prices in South Florida have been between state and national averages.

The whole region, the average prices are as follows on Monday morning:

  • Miami-Dade County: $2.99

  • Broward County: $ 3.01

  • Monroe County: $ 3.13

  • Palm Beach County: $3.12

For more information on gas prices in Florida, Click here.

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