Gas prices expected to rise in South Florida - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Gas prices expected to rise in South Florida

  • Fox 29 Daily HeadlinesMore>>

  • Trump talks tougher, now says he warned Putin on meddling

    Trump talks tougher, now says he warned Putin on meddling

    Wednesday, July 18 2018 12:31 AM EDT2018-07-18 04:31:41 GMT
    Thursday, July 19 2018 1:22 AM EDT2018-07-19 05:22:31 GMT
    (AP Photo/Andrew Harnik). President Donald Trump speaks to members of the media as he meets with members of Congress in the Cabinet Room of the White House, Tuesday, July 17, 2018, in Washington. Trump says he meant the opposite when he said in Helsink...(AP Photo/Andrew Harnik). President Donald Trump speaks to members of the media as he meets with members of Congress in the Cabinet Room of the White House, Tuesday, July 17, 2018, in Washington. Trump says he meant the opposite when he said in Helsink...

    Rebuked as never before by his own party, including a stern pushback from usually reserved Senate Majority Leader Mitch McConnell, the U.S. president sought to end 27 hours of recrimination by delivering a rare admission of error.

    More >>

    Rebuked as never before by his own party, including a stern pushback from usually reserved Senate Majority Leader Mitch McConnell, the U.S. president sought to end 27 hours of recrimination by delivering a rare admission of error.

    More >>
  • Marriott hotels eliminating plastic straws by 2019

    Marriott hotels eliminating plastic straws by 2019

    Wednesday, July 18 2018 12:25 AM EDT2018-07-18 04:25:22 GMT
    Wednesday, July 18 2018 10:47 AM EDT2018-07-18 14:47:09 GMT
    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019. (Source: Pixabay, File)The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019. (Source: Pixabay, File)

    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019.

    More >>

    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019.

    More >>
  • Amazon's Prime Day runs into early snags

    Amazon's Prime Day runs into early snags

    Monday, July 16 2018 3:25 AM EDT2018-07-16 07:25:22 GMT
    Tuesday, July 17 2018 9:41 AM EDT2018-07-17 13:41:58 GMT
    (AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, Myrtice Harris applies tape to a package before shipment at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than...(AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, Myrtice Harris applies tape to a package before shipment at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than...

    This year's sales event, which starts Monday afternoon, will be six hours longer than last year's and will launch new products.

    More >>

    This year's sales event, which starts Monday afternoon, will be six hours longer than last year's and will launch new products.

    More >>

Story Video: Click here

The price to fill up your tank of gas is up and it's only a sign of things to come.  According to GasBuddy.com, the price for a gallon of gas is up 41 cents today over this time last year($1.99 compared to $2.40).

If you're thinking it's because Florida’s gas tax went up, that's really only a fraction of the reason why. It's a tenth of a penny increase.

These rising gas prices will likely mean less people turning to places like Uber or Lyft to make some extra cash.

On any given week, Hugo Perez says he usually makes $300-400 driving for Uber and Lyft.  This past holiday weekend was especially good to him.

"People were making good money driving.  It was unbelievable,” he told us.

Weekends like that this year will likely be harder to come by, he says, which could impact the supply of ridesharing drivers.  "They'll drive but they'll drive less.  Way less,” he says. “If the gas prices are going to go up then they're just going to be driving less."

According to gasbuddy.com Senior Petroleum Analyst Patrick DeHaan, the price for a gallon of gas in Florida is expected to sit anywhere from 25 to 50 cents higher this year compared to last--thanks in large part  to OPEC’s decision to cut production. "So OPEC's cut, intended to drive up prices, has been successful this far.  And unfortunately that cut in production lowers supply is meaning higher prices and that's likely to affect much of the year,” he says.

DeHaan says the average South Florida driver will pay $120-180 more this year for gas.

Hugo, who drives for a living, says it's normal for him to log 300 miles on a weekend day.

"It makes a hole, it makes a gap but when gas prices were around $2.00-$2:15, it was very fair,” he says, “Going up 50-60 cents, that's going to make a very big difference."

There is some hope out there for lower gas prices, DeHaan says.  He says President-elect Trump could lower the environmental standards for production, which would lower the cost.

Follow Andrew on Facebook and Twitter.

Scripps Only Content 2017

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2018 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.