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Florida gas prices most expensive in 4 weeks amid insurance rate hikes

Florida gas prices most expensive in 4 weeks amid insurance rate hikes

by admin
July 13, 2023
in Insurance
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WEST PALM BEACH, Fla. — Florida gasoline costs rebounded final week, rising a mean of 20 cents per gallon. In the meantime, Florida drivers are additionally paying extra for his or her insurance coverage premiums with the very best charges within the nation.

“I see that it went up, you already know, $5 to $6 extra to fill the tank up,” Slick Jones, a West Palm Seaside scooter driver, informed WPTV.

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Floridians are feeling the ache on the gasoline pump.

“You simply get used to the hikes and also you come to anticipate it,” John Megahan stated.

Floridians at the moment are paying virtually $3.50 per gallon on common, which is a summertime excessive.

Right here in Palm Seaside County, gasoline costs are averaging $3.60 a gallon in West Palm Seaside and Boca Raton, which is the most costly worth within the state.

“We noticed a 20 cent enhance final week. In early June, we noticed a 15 cent enhance,” Mark Jenkins, AAA spokesperson, stated. “Not unusual to see one thing like this occur in the course of the summer season journey season with so many individuals hitting the street.”

Mark Jenkins, AAA spokesperson, said gas prices traditionally go up during the summer. July 10, 2023

Chris Mills/WPTV

Mark Jenkins, AAA spokesperson, stated gasoline costs historically go up in the course of the summer season.

Jenkins stated this hike follows the Fourth of July vacation, which is typical. Nevertheless, he stated it is pretty gentle in contrast with final summer season.

“Final yr the common worth reached a excessive of $4.89. I wouldn’t anticipate us to get anyplace close to that worth this yr,” Jenkins stated.

That’s excellent news for drivers who’re feeling financially burdened, with insurance coverage charges additionally hovering.

In accordance with Bankrate.com, in Florida, automotive insurance coverage premiums have elevated 15% year-on-year, now averaging virtually $4,000 for full protection, making the sunshine state the most costly within the Nation for auto insurance coverage.

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“My insurance coverage premium did go up really,” Megahan stated. “It went up like $600 a yr.”

So with charges anticipated to proceed to extend by the top of 2024, Floridians WPTV spoke with are hoping the value of gasoline a minimum of stays regular.

“We’d like gasoline so what can we do, you already know,” Megahan stated.





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