AAA: Two Weeks of Declining Prices Ends as Gas Rises Four Cents at Florida Pumps

By  //  March 20, 2018

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

AVERAGE IN BREVARD IS $2.50 PER GALLON

Gas prices are on the rise once again, after declining for nearly two weeks. Florida gas prices declined early last week, then rose a total of 4 cents on Thursday and Friday.

(AAA) – Gas prices are on the rise once again, after declining for nearly two weeks. Florida gas prices declined early last week, then rose a total of 4 cents on Thursday and Friday.

Sunday’s state average of $2.53 is 4 cents less than a month ago, yet remains 26 cents more than this time last year.

“There are a few of factors that gave gas prices a boost, but this time it wasn’t crude oil,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

“Gasoline supplies took a sharp dip last week, as exports rose and refineries began to switch from summer to winter-blend gasoline. In addition, demand in the southeast – especially in Florida – is strong, as Americans hit the road for spring break.

“We also noticed strong gains in wholesale gasoline prices last week, which should signal additional increases at the pump this week,” Jenkins continued.

  • The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.65), Naples ($2.59), and Miami ($2.58)
  • The least expensive gas price averages in Florida are in Punta Gorda ($2.48), Jacksonville ($2.49), and Melbourne-Titusville ($2.50)

Wholesale Gasoline Rises; Oil Holds Steady

Average Gas Prices in March
2014 2015 2016 2017 2018
National $3.51 $2.43 $1.93 $2.30 $2.53
Florida $3.53 $2.46 $1.96 $2.29 $2.52
Georgia $3.35 $2.26 $1.87 $2.18 $2.41
Tennessee $3.26 $2.18 $1.75 $2.05 $2.32

Wholesale gasoline prices climbed 10-15 cents WednesdayFriday. Based on current wholesale levels, prices at the pump could climb another nickel.

Meanwhile, crude oil prices hovered around the $60-$62 per barrel range, where they have remained for the past two weeks. Gasoline futures rose 5 cents last week.

Wholesale gasoline prices climbed 10-15 cents WednesdayFriday. Based on current wholesale levels, prices at the pump could climb another nickel.

Meanwhile, crude oil prices hovered around the $60-$62 per barrel range, where they have remained for the past two weeks. Gasoline futures rose 5 cents last week.

Wholesale Gasoline Rises; Oil Holds Steady

  • Crude oil inventories strengthened by 1.2 percent, yet remains 18 percent below year-ago levels
  • Crude oil production held relatively steady at nearly 10.4 million barrels per day, yet remains 12.4 percent above year-ago levels
  • Gasoline demand, as measured by the EIA, climbed by 4 percent week-over-week, and is 4 percent higher than this time last year.
  • Gasoline production rose by nearly 4 percent week-over-week and is 8 percent higher than this time last year.
  • Gasoline inventories (supplies) dipped by nearly 3 percent compared to the week before, and about even with this time last year.

Gas Price Tools for Reporters/Consumers

  • GasPrices.AAA.com – Daily national, state, and metro gas price averages.
  • AAA Mobile app – Free app that shows current prices at a gas station near you.

Highs and Lows of 2018

  • National: the highest average price for gasoline was $2.67 on February 6; the lowest was $2.49 on January 3.
  • Florida: the highest average price in was $2.68 on February 8; the lowest was $2.44 on January 2.
  • Georgia: the highest average price was $2.49 on January 31; the lowest was $2.35 on January 2.
  • Tennessee: the highest average price was $2.41 on February 7; the lowest was $2.26 on January 1.

CURRENT AND PAST PRICE AVERAGES

 Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Price on Record
National $2.542 $2.536 $2.527 $2.533 $2.293 $4.114 (7/17/2008)
Florida $2.531 $2.532 $2.499 $2.571 $2.265 $4.079 (7/17/2008)
Georgia $2.444 $2.435 $2.398 $2.407 $2.170 $4.164 (9/15/2008)
Tennessee $2.342 $2.339 $2.305 $2.342 $2.042 $4.118 (9/15/2008)
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.

CLICK HERE FOR BREVARD COUNTY NEWS


Click here to contribute your news or announcements Free