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Florida gas prices likely to spike after Saudi Arabia attack

A weekend drone strike on an oil processing facility caused the kingdom to cut production in half.

Gas prices could surge over the coming days because of a sharp drop in Saudi Arabia’s oil production. Houthi rebels from Yemen carried out a drone strike on a Saudi Arabian oil processing facility, the largest such facility in the world, cutting the country’s production in half. The incident sent crude oil prices spiking.

Gas prices in Florida were $2.40 per gallon on average Monday, down 3 cents over the week, according to AAA, The Auto Club Group. Tampa Bay prices averaged $2.32 per gallon, down 6 cents from last week. Nationally, gas prices were $2.56 per gallon on average.

“If oil prices hold at current levels, drivers could see gas prices begin to rise anywhere from 5 to 20 cents by the end of the week,” AAA spokesman Mark Jenkins said in a release.