Florida gas prices increased a little more than 6 cents last week. The state average was $3.46 per gallon on Sunday.
"Although gas prices rose last week, fundamentals are moving lower," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude oil and gasoline futures prices finished the week sharply lower than the week before, which should enable gas prices to decline."
The U.S. price for crude oil has declined the last four consecutive weeks. During that time, the price of oil fell about $10 per barrel (-13%). Friday's closing price was $73.52 per barrel. That's the lowest daily closing price since June 4.
"Futures prices reportedly fell after the latest jobs report triggered concerns of an economic slowdown," Jenkins said.
Visit GasPrices.AAA.com to view state and local average gas prices
AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | |
National | $3.474 | $3.478 | $3.506 | $3.515 | $3.831 |
Florida | $3.461 | $3.459 | $3.396 | $3.532 | $3.843 |
Georgia | $3.287 | $3.294 | $3.334 | $3.325 | $3.664 |
Click here to view current gasoline price averages |
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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