Brevard County Leads State In Lowest Gas Prices as Florida Prices Sink to 26 Month Low

Brevard County Average Gas Prices is currently $2.01

BREVARD COUNTY, FLORIDA (AAA) – Prices at the pump are off to their lowest start to the month of January since 2016. Gas prices in Florida dropped another 4 cents last week.

The state average has now declined nearly 70 cents since October.

Florida drivers are now paying an average of $2.13 per gallon – the lowest daily average price since November 2016. Compared to last Memorial Day, when the state average peaked at around $2.92 per gallon, drivers are now saving an average of nearly $12 for a 15-gallon tank of gas.

In 2018, Florida gas prices averaged $2.65 per gallon. That was almost 30 cents more than 2017, and the highest annual average since 2014.

Based on these figures, if a Florida driver bought a 15-gallon tank of gas – every week in 2018 – they would’ve spent an average total of $2,067 on gasoline last year. That total cost is $218 more than what they would’ve spent on gasoline in 2017.

Click here to view AAA’s state and metro gas price averages

Most expensive gas price averages: Panama City ($2.46), Miami ($2.32), Crestview-Fort Walton Beach ($2.31)
Least expensive gas price averages: Tampa-St. Petersburg-Clearwater ($2.01), Melbourne-Titusville ($2.01), The Villages ($2.01)

The national average price for gasoline is $2.24 per gallon, which is the lowest daily average since July 2017. On average, Americans are paying 67 cents per gallon less than they did three months ago, amounting to a savings of $10 for a full 15-gallon tank of gasoline.

2019 Fuel Outlook

Overall, AAA expects the national average to stay below last year’s high of $2.97, set just before Memorial Day. Government data suggests that fuel prices in 2019 will be lower than last year. The latest Short-Term Energy Outlook from the U.S. Energy Information Administration has WTI crude averaging $54 per barrel in 2019.

That’s $11 per barrel less than last year’s average for WTI ($65.23/b). An $11 difference in oil prices suggests a 27.5 cent discount at the pump.

In 2018, U.S. gas prices averaged $2.72 per gallon. AAA expects that average to land somewhere in the $2.50s this year.

“Motorists should expect low gas prices to linger through January, as gasoline demand is typically the lowest of the year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

“Although pump prices could become somewhat volatile this month, drivers will notice a significant increase in the spring, with the upward trend beginning as early as February. Putting global supply and demand fluctuations aside, gas prices often rise 30-70 cents in the spring, as gasoline demand increases, refiners conduct seasonal maintenance and begin to switch to a more expensive-to-produce summer-blend gasoline.

AAA expects pump prices to peak around $2.75 this year, but there is higher potential if a hurricane threatens Gulf coast refineries, or there are sizable swings in fuel supplies or the economy.”

National Stats

– U.S. gas prices averaged $2.72 per gallon in 2018
– The national average in 2017 was $2.39 per gallon
– The national average is forecast to peak at around $2.75 per gallon in 2019
– The highest daily average price in 2018 was $2.97 per gallon

Gas Price Tools

– GasPrices.AAA.com – Daily national, state, and metro gas price averages
– AAA Mobile app – Free app that compares gas prices near you
– Gas Cost Calculator – Determine how much gasoline will cost on your next road trip

CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline

Similar Stories