Florida gas prices reach $3.50/gallon, a 27-cent increase, partly due to Tropical Storm Beryl's potential Gulf Coast impact.

Florida's gas prices hit a nearly two-month high, averaging $3.50 per gallon last week, a 27-cent increase compared to the same period last Independence Day. The price surge is partly attributed to concerns about Tropical Storm Beryl, which may impact the Gulf Coast, home to about half of the US's fuel refining capacity. The full impact on fuel prices will be determined in the coming days.