Florida Gas Prices Reach Four-Year Highs Amid Global Oil Volatility

Conflict with Iran drives crude oil prices up 45%, pushing pump costs in Florida up over $1 per gallon in one month

Mar. 29, 2026 at 9:35pm

Got story updates? Submit your updates here. ›

Florida's average gas price has climbed to $3.96 per gallon, the highest level in four years, as tensions involving Iran disrupt the global oil supply and push crude prices higher, according to a report by AAA. The statewide average price is 2 cents higher than a week ago and $1.06 more than last month, adding around $16 to the cost of filling a 15-gallon tank.

Why it matters

The sharp rise in gas prices in Florida is driven by a significant spike in crude oil costs due to the ongoing conflict with Iran. This volatility in global oil markets is having a direct impact on consumers at the pump, putting a strain on household budgets and the broader economy.

The details

AAA reported that crude oil costs are the main factor behind the increase, with U.S. crude settling at $99.14 per barrel last week, the highest level since July 2022. Since the conflict involving Iran intensified earlier this month, oil prices have surged nearly 45% after several sharp weekly gains. About half of what drivers pay at the pump comes down to the cost of crude oil, so when oil prices spike this quickly and remain volatile, gas prices almost always follow.

  • Florida's average gas price was $2.88 at the start of March.
  • The average price has risen $1.07 per gallon since the start of March.
  • The current statewide average price of $3.96 per gallon was recorded on Sunday, March 29, 2026.

The players

AAA

The Auto Club Group, a motor club and leisure travel organization that provides roadside assistance, travel planning, and other services to its members.

Mark Jenkins

A spokesman for AAA The Auto Club Group.

Got photos? Submit your photos here. ›

What they’re saying

“Oil prices are doing most of the driving right now. About half of what drivers pay at the pump comes down to the cost of crude oil. When oil prices spike this quickly and remain volatile, gas prices almost always follow.”

— Mark Jenkins, Spokesman, AAA The Auto Club Group

What’s next

AAA said continued volatility in global oil markets could keep gas prices unstable in the coming days, and that the situation will likely remain fluid as the conflict with Iran continues to unfold.

The takeaway

The sharp rise in Florida gas prices is a direct result of the global oil market turmoil caused by the ongoing conflict with Iran. This highlights the vulnerability of consumers to geopolitical tensions and the need for more sustainable and resilient energy solutions to insulate local communities from such price shocks.