Photo: NOAA
Florida News That Impacts You – September 26th, 2022
Bottom Line: Your daily recap of the biggest news from around the state that impacts you in South Florida. Gas prices continued lower through the weekend.
- As Hurricane Ian approaches Florida’s Gulf Coast, the National Hurricane Center has issued advisories for parts of Florida’s coastline. Tropical Storm warnings are in effect for the middle and lower keys, with tropical storm watches in place for Southwest Florida and a hurricane watch for the stretch of Florida’s Gulf coast encompassing Sarasota, Bradenton, Tampa and St. Petersburg. Ian is expected to strengthen to a category three hurricane by tomorrow morning as it crosses western Cuba, maintaining that status as it approaches Florida for a potential landfall as early as Wednesday or as late as Friday morning based on where the hurricane makes landfall.
- Gas prices were flat through the weekend with the average prices in Florida remaining $3.38 per gallon. In Southeast Florida prices range from an average low of $3.42 per gallon in Broward to an average high of $3.57 per gallon in the Palm Beaches. The sharp selloff last week in the financial markets extended to the price of oil which will likely lead to slightly lower prices over the next couple of weeks.
- Florida’s weekly trend for daily COVID-19 cases continues to reach fresh 4+ month lows. Entering this week, the weekly trend for daily cases is 2,447, the lowest since April 19th.
- New IRS data demonstrates Florida’s gaining upper income earners faster than any other state, and that for each top income earner who moves out of our state, two move in. The top states for relocations mirror the overall trends with high tax states New York and California being the top states high net worth earners are moving to Florida from. Notably, the top 1% of income earners in California and New York account for nearly half of all state income taxes paid in those states.