Gas Prices Rise 10 Cents in Florida, Michigan Amid Supply Fluctuations

Gas prices have recently increased by 10 cents per gallon in both Florida and Michigan despite a recent drop in U.S. oil prices. Florida's average gas price reached $3.05 per gallon, with regional variations showing higher costs in metro areas like West Palm Beach-Boca Raton and lower prices in the panhandle. Meanwhile, Michigan drivers are paying an average of $3.23 per gallon, down from last year but up slightly from recent weeks, with metro Detroit prices averaging $3.21. The national average gas price has declined slightly, influenced by falling oil prices and anticipated stable supply conditions. Experts note that prices will likely remain within a stable range unless there is a significant disruption such as a hurricane or unexpected changes in oil supply. Gasoline demand and production have seen minor decreases, while U.S. crude inventories remain below the five-year average, factors that contribute to the current price fluctuations.