Florida gas prices reach new heights
On Thursday, gas prices in Florida rose to a new record high. People in Sunshine State woke up at an average cost of $ 4,398. The average on Wednesday was $ 4,321 and a week ago it was $ 4,176. The national average is just slightly higher at $ 4.41. The rule, as Fried announced at a press conference in Tampa, will allow gas stations to sell gasoline containing 15% denatured anhydrous ethanol, or E15, which is usually sold during the winter months. Fried said this would immediately save Floridians 10 cents per gallon at the pump. “This rule allows Florida suppliers to use multiple types of fuel to ensure a consistent and affordable supply of gas,”[ads1]; she said. In April, a decline in gas prices contributed to total inflation. Nationally, average gallon gas prices fell to as low as $ 4.10 in April, according to AAA, after rising to $ 4.32 in March. But since then, gas prices have risen to a record $ 4.40 per gallon. Consumer prices jumped 8.3% last month from a year ago, the government said on Wednesday. It was below the 8.5% year-on-year increase in March, which was the highest since 1981. On a monthly basis, prices rose by 0.3% from March to April, the smallest increase in eight months. These price jumps “make it clear that there is still a long way to go before inflation returns to more acceptable levels,” says Eric Winograd, US economist at Asset Manager AB. Even if it moderates, inflation is likely to remain high well into 2023, economists, leaving many Americans burdened by price increases that have surpassed wage increases.The Associated Press contributes to this article
On Thursday, gas prices in Florida rose to a new record high.
People in Sunshine State woke up at an average cost of $ 4,398.
The average on Wednesday was $ 4,321 and a week ago it was $ 4,176.
The national average is just slightly higher at $ 4.41.
The WFLA reports on Wednesday that Agriculture and Consumer Commissioner Nikki Fried issued an emergency rule Wednesday morning that she said would increase gas supplies across the state and help lower prices.
The rule, as Fried announced at a press conference in Tampa, will allow gas stations to sell gasoline containing 15% denatured anhydrous ethanol, or E15, which is usually sold during the winter months. Fried said this would immediately save Floridians 10 cents per gallon at the pump.
“This rule allows Florida suppliers to use multiple types of fuel to ensure a consistent and affordable gas supply,” she said.
In April, a fall in gas prices helped to curb total inflation. Nationally, average gallon gas prices fell to as low as $ 4.10 in April, according to AAA, after rising to $ 4.32 in March. But since then, gas prices have risen to a record $ 4.40 per gallon.
Consumer prices jumped by 8.3% last month from a year ago, the government said on Wednesday. This was below the 8.5% year-on-year increase in March, which was the highest since 1981. On a monthly basis, prices rose 0.3% from March to April, the smallest increase in eight months.
These price jumps “make it clear that there is still a long way to go before inflation returns to more acceptable levels,” said Eric Winograd, US economist at Asset Manager AB.
Even if it moderates, inflation is likely to remain high well into 2023, economists say, leaving many Americans burdened by price increases that have surpassed wage increases.
The Associated Press contributes to this article
