(WEST PALM BEACH)– After a brief respite from record high prices, the cost of a gallon of unleaded in the state of Florida is heading back up.
Prices in the state jumped almost 7 cents between Monday and Friday and further increases are expected due to low domestic production and a recent decision by OPEC+ to cut oil production by 2 million barrels per day.
As of Friday, the price of a gallon of regular unleaded in Palm Beach County was $3.45.
Statewide, the price is $3.28, an increase of over 6 cents just from Thursday.
Prices in the state would be 25 cents higher if not for the October gas-tax holiday signed into law by Gov. Ron DeSantis.
The $3.45 price is 15 cents higher than this time last year but far below the record price of $5.15 set back in June.
Overall, Florida prices are 60 cents below the national average.