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Why is gas so expensive in Florida?
Is Florida the only place with high gas prices right now? Gas is so expensive that I don’t really want to drive anywhere since it would cost so much to fill up my tank.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Gas is certainly expensive in
Florida
right now but, unfortunately, high gas prices are a national problem. The issue is the classic economic problem of high demand and low supply: oil companies have limited access to crude oil and gasoline, while customers want to travel more than ever during the first summer since COVID restrictions have been lifted.The reason for the low supply, though, is the war in Ukraine. Russia’s invasion of Ukraine upset the oil market, and President Joe Biden banned the import of Russian crude oil or gasoline. These two factors caused a scarcity of gas, driving the prices way up.
While we can’t help you save on gas, the
Jerry
app can show you how to save on other car expenses. Jerry will compare your current car insurance
policy to top quotes from over 50 insurance companies. If you find a lower rate on the coverage you need, Jerry can help you switch policies quickly and easily. The average user saves over $800 per year.View full answer
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