Florida gas prices have rebounded after sinking to multi-month lows. The state average rose 15 cents last week, then declined two pennies over the weekend.
Sunday's state average was $3.35 per gallon. That's 10 cents more than a week ago. The price hike ended a 26-day streak of declines, which delivered a 33 cent discount. The state average eventually fell to $3.23 per gallon on Tuesday - which was the lowest daily average price since mid-February.
"Oil and gasoline futures prices rose the past two consecutive weeks, which raised the cost of producing gasoline," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Futures prices reportedly increased on data that fuel demand is outpacing fuel inventories. Price fluctuations like this is very common during the summer travel season."
The U.S. price for crude was back above $80 per barrel, after trading in the mid to low 70s during the past few weeks. Friday's closing price of $80.73 per barrel is 7% more expensive than two weeks ago.
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AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | |
National | $3.447 | $3.451 | $3.447 | $3.615 | $3.584 |
Florida | $3.352 | $3.365 | $3.246 | $3.556 | $3.364 |
Georgia | $3.262 | $3.265 | $3.284 | $3.384 | $3.291 |
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Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
About AAA - The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 million members across 14 U.S. states and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 64 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.
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