Conflict drives Florida fuel prices above national average

Florida fuel prices rose above the national average as global supply shifts impacted barge deliveries. Costs began to ease this Friday following a ceasefire deal.

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Florida residents have paid significantly more than the nationwide average for fuel in recent weeks as the geopolitical conflict involving the United States, Israel, and Iran forces the state to compete with international markets for energy resources. While global energy benchmarks such as Brent Crude Oil and West Texas Oil fluctuate based on supply security, the Sunshine State’s unique infrastructure has left it particularly exposed to the fallout from the blockade of the Strait of Hormuz.

A fuel pump is used to fill a vehicle at a station in California during a period of high energy costs. REUTERS/Bing Guan/File Photo
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