Gasoline prices expected to rise in 2017

MIAMI (WSVN) - Drivers should prepare to pay more at the pump in 2017, with forecasts expecting an additional $52 million to be spent compared to last year.

According to AAA, the national average for the price of gas is $2.34 per gallon. That average has moved higher for 34 of the past 35 days.  Gasoline cost monitoring site GasBuddy.com projects the price will go up by 14 cents to $2.49 per gallon between February and May.

AAA says retail prices will depend on cartel countries’ ability to successfully implement production cuts, but say averages are likely to increase leading up to the summer driving season as seasonal refinery maintenance gets underway this spring.

Meanwhile, Florida’s taxes on gasoline and diesel fuel will nudge up slightly in 2017. The Florida Department of Revenue has announced that motor fuel taxes and diesel fuel taxes would go up from 17.3 cents per gallon to 17.4 cents per gallon on Jan. 1.

Florida law requires annual adjustments to gas taxes based on changes in the consumer price index, which measures what people are paying for goods.

Gas taxes in Florida vary slightly by each county because some counties have adopted additional gas taxes.

 

 

 

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