Bay County residents could see a skyrocket in gas prices

News

PANAMA CITY, Fla. (WMBB) — Florida drivers could see gas prices skyrocket in the very near future. This is stemming from a series of drone attacks this weekend on Saudi Arabian oil facilities in the Middle East.

After drone attacks knocked out nearly six percent of what the world consumes every day is just one weekend, the rest of the world may see its effects.

President Trump has tried to combat this problem by authorizing a release of oil from the strategic petroleum reserve in efforts to balance the market out.

Panama City is already the highest priced metro markets for gas in the state of Florida, at an average of $2.53 currently.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Local News Video

Spring Break laws start

Trump speaks at CPAC in first post-White House appearance

Trump speaks at CPAC

Second Grade Class

Cecil Scoon: Bay County's First female African American Attorney

School district begins Julio's Cereal Challenge to honor beloved friend's memory

More Local News

Don't Miss