Florida gas prices have plummeted to their lowest levels of the year. Sunday's state average was $3.17 per gallon. That's 5 cents less than the previous low, originally set back in March. Visit Gasprices.AAA.com to view the latest gas price average.
"Florida drivers are now finding some of the lowest pump prices since December 2022," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Drivers are even finding pump prices below $3 a gallon in some cities. In fact, about 20% of Florida gas stations now have gasoline priced below $3 a gallon. Even more are likely to follow, this week."
"The seasonal decline in driving demand, coupled with gasoline supply builds and falling oil prices are all contributing to the recent pump price drop," Jenkins continued. "Expect these low prices to hang around through the holidays, unless oil prices suddenly spike or there's an unexpected disruption to fuel supplies."
Florida's state average declined 12 cents per gallon last week. It's down 68 cents from the this year's high of $3.85, which was recorded in mid-August.
The price of U.S. crude settled at $80.51 per barrel on Friday. That's $5 per barrel (6%) less than the week before. Gasoline futures also declined 11 cents, for a combined discount of 17 cents per gallon through two weeks.
AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | |
National | $3.421 | $3.426 | $3.496 | $3.768 | $3.797 |
Florida | $3.171 | $3.186 | $3.290 | $3.521 | $3.457 |
Georgia | $2.907 | $2.909 | $2.967 | $3.200 | $3.127 |
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.
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, the province of Quebec 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.
Comments
No comments on this item Please log in to comment by clicking here