Florida gas prices return to more than $3 per gallon; here’s what experts predict for 2023

ORLANDO, Fla. — If you filled your car with gas in the last day or two, you might have noticed something peculiar at the pump — an uptick in prices.

>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<

After weeks of falling prices, the average cost of gas in Florida recently reversed course.

READ: Southwest says it plans to return to normal operations Friday

According to AAA, the price for a gallon of regular unleaded fuel on Thursday settled at $3.11.

That’s a 5-cent jump from a day earlier, and a 12-cent increase from a week ago, when the average price per gallon dipped below the $3 mark in The Sunshine State.

While it’s still 25-cents less than a month ago, the recent about-face no doubt has motorists wondering how high prices could climb as we head into the new year.

GasBuddy, a Boston-based company that analyzes fuel data, has released its annual fuel outlook.

READ: Walt Disney World to close Rock ‘n’ Roller Coaster ride for refurbishment

The report said that in 2023, a national average of $4 per gallon is a possibility as early as May.

Now, that figure sits at $3.15 per gallon, slightly higher than Florida’s average.

GasBuddy analysts believe the national average could fluctuate in a more typical trend, versus the nationwide roller coaster ride drivers felt in 2022.

READ: Port Canaveral voted best U.S. cruise homeport for third consecutive year

Experts say to expect prices to rise in time for the summer months and then start to drop after Labor Day.

To read GasBuddy’s full 2023 Fuel Price Outlook, click here.

How are gas prices determined? What you need to know (NCD)

Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.

©2022 Cox Media Group