Gas Prices In Brevard Lowest in Florida at $2 Per Gallon, Could Rise Due to Higher Oil Prices

By  //  January 14, 2019

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Gas Prices are 18 cents less than last time month

Gas prices in Florida leveled out last week, after declining a total of 70 cents in 91 days. Sunday’s state average of $2.13 per gallon is just fractions of a cent less than a week ago and 18 cents less than last month.

AAA– Gas prices are back on the rise, now that the oil market is regaining strength. 

Gas prices in Florida leveled out last week, after declining a total of 70 cents in 91 days.

Sunday’s state average of $2.13 per gallon is just fractions of a cent less than a week ago and 18 cents less than last month.

Florida drivers are paying 32 cents less per gallon than this time last year.,

Drivers are also paying 79 cents less than when prices hit their 2018 peak, around Memorial Day.

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

  • Most expensive gas price averages: Panama City ($2.45), West Palm Beach-Boca Raton ($2.34), Miami ($2.31)
  • Least expensive gas price averages: Tampa-St. Petersburg-Clearwater ($2.00), Melbourne-Titusville ($2.00), Orlando ($2.01)

After plunging from $75 per barrel to $43 per barrel at the end of last year, crude prices are back above $50 per barrel, which raises the cost of producing gasoline.

“The new year has breathed new life back into the oil market,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Crude prices have slowly climbed since the beginning of the year, but remain well below the highs seen in 2018.

The biggest increases came last week after Saudi leaders pledged to do whatever it takes to rebalance the market.

The recent shift in oil prices isn’t enough to cause sticker shock at the pump, but motorists could see an increase of anywhere from 5-10 cents as a result.”

The daily price for WTI crude is up more than $6 since January 1. After trading above $53 per barrel last week, WTI settled at $51.59/b Friday on the NYMEX.

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Gas Price Tools

                                     CURRENT AND PAST PRICE AVERAGES

                                                  Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.245 $2.245 $2.240 $2.399 $2.526 $2.97 (5/26/2018) $4.11   (7/17/2008)
Florida $2.126 $2.126 $2.129 $2.311 $2.451 $2.92 (5/25/2018) $4.08   (7/17/2008)
Georgia $2.083 $2.076 $2.055 $2.198 $2.424 $2.84 (5/27/2018) $4.16   (9/15/2008)
Click here to view current gasoline price averages

CLICK HERE FOR BREVARD COUNTY NEWS


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