Tag: Gas Prices

Florida’s Memorial Day gas prices were lower than 2018 holiday levels

Written by Cape Coral Mortgage Syndicated User on June 1, 2021. Posted in Cape Coral Mortgage, Mortgage Cape Coral.

FORT MYERS, Fla. — Gas prices in Florida on Memorial Day averages $2.86 per gallon. Although the state average was higher than the last two years, it was 5 cents less than what drivers paid in Florida during the 2018 holiday weekend. Gas prices in the Sunshine State have been on the decline over the last two weeks, dropping nearly 3 cents. The state average is now 7 cents more than a month ago and nearly a dollar per gallon more than this time last year. “Gas prices are relatively stagnant as we enter the start of the busy summer driving season,” Mark Jenkins, a spokesman...

Florida gas prices level for now, as panic buyers create artificial fuel demand

Written by Cape Coral Mortgage Syndicated User on May 12, 2021. Posted in Cape Coral Mortgage, Mortgage Cape Coral.

Lines down the street and gas pumps sheathed in yellow bags: from all appearances, Florida is experiencing a fuel shortage. But contrary to first glance, the state is well supplied with fuel, according to The Auto Club Group [AAA]. Panic buying is real driver of the Sunshine State’s not-so-sunshiney shortage, as the east coast grapples with the Colonial Pipeline shutdown. The Colonial Pipeline, which is responsible for 45% of the east coast’s fuel supply, was cyber-attacked by a Russian criminal group called DarkSide on Friday, the Federal Bureau of Investigations confirmed on...