Florida News That Impacts You – January 25th, 2023
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.
- Florida’s gas prices are still surging higher, adding eight cents per gallon over the past day, leaving a statewide average of $3.56 per gallon for regular unleaded. Prices have risen by 19 cents per gallon over the past week. Prices in the Palm Beaches continued to climb as well, adding seven cents per gallon to $3.72, the highest price in the state. Speaking of high energy prices...
- FPL was among three Florida utilities to file for fresh rate increases with the Florida Public Service Commission this week. On the back of damage from Hurricanes Ian and Nicole and with high natural gas prices, a leading source of energy for FPL – they're seeking a 10% increase which would impact in April if approved by state regulators.
- Florida is among twenty states suing the Biden administration’s new program to accept 30,000 illegal immigrants per month from Cuba, Haiti, Nicaragua and Venezuela. The lawsuit, which is being led by Texas, was filed in federal court yesterday and seeks to put an end to the program which was recently created through an executive order from President Biden. Under the program, “parole”, would be granted to migrants who apply from their home countries.
- South Florida’s real-estate market remained relatively strong entering 2023. While the overall volume of sales has dropped from peak levels last year, single-family home prices in Palm Beach County rose by 3.8% year-over-year in December. There is currently 3.2 months' worth of inventory on the market in PBC. A neutral market is six months' worth of inventory.