Gasoline prices have remained relatively flat compared to this time last month, but the cost to fill up the tank has declined by more than 25 cents per gallon since last year. The national average fuel price is about $3.11, with McAllen-Edinburg-Mission, Texas, seeing the cheapest metro-area prices at $2.41 and Lihue, Hawaii, with the most expensive at $5.17.
After a monthlong pause on tariffs on Canadian and Mexican imports, the Trump administration proceeded this week to impose 25% tariffs on the two neighboring nations, including a limited 10% tariff on Canadian energy. As a result, GasBuddy projects states in the Northeast could see the most significant spike in fuel prices by the middle of the month, possibly by 20 to 40 cents per gallon, as this region relies heavily on Canada's New Brunswick refinery.
Meanwhile, by April rising gas prices may be offset by the Organization of the Petroleum Exporting Countries' plans to boost crude production. This increased output, however, is just one of several factors influencing prices in the month ahead.
"While OPEC has signaled its intent to stabilize the market, policy decisions from the White House could introduce further uncertainty, making it difficult to predict where prices will head next," GasBuddy analyst Patrick De Haan said in a statement this week. "However, nearly every year sees a seasonal spring increase, which could eventually push prices higher ahead of summer."
Stacker compiled statistics on gas prices in Bradenton-Sarasota-Venice, FL metro area using data from AAA. Gas prices are current as of March 6.
North Port by the numbers
- Gas current price: $3.16
--- Florida average: $3.13
- Week change: +$0.01 (+0.4%)
- Year change: -$0.27 (-7.7%)
- Historical expensive gas price: $4.89 (6/13/22)
- Diesel current price: $3.69
- Week change: -$0.07 (-1.9%)
- Year change: -$0.31 (-7.8%)
- Historical expensive diesel price: $5.70 (6/12/22)
Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.17
#2. Santa Rosa, CA: $5.01
#3. Salinas, CA: $5.00
Metros with the least expensive gas
#1. McAllen-Edinburg-Mission, TX: $2.41
#2. Brownsville-Harlingen, TX: $2.43
#3. Henderson, KY: $2.43
This story features writing by Tim Bruns and is part of a series utilizing data automation across 371 metros.
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