AAA: As Supply Slips, Gas Prices Could Rise 10 Cents at the Pump This Week in Florida

By  //  March 26, 2019

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gas prices will likely peak sometime between Cinco de Mayo and Memorial Day weekend

Florida gas prices have held steady for the past week, but prices at the pump may increase this week. Crude oil and wholesale gasoline prices rose last week, following another round of declining fuel supplies.

AAA– Florida gas prices have held steady for the past week, but prices at the pump may increase this week. Crude oil and wholesale gasoline prices rose last week, following another round of declining fuel supplies.

“Florida drivers may see gas prices rise another 10 cents this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Both planned and unplanned refinery maintenance, rising demand, and the switch to summer gasoline continue to contribute to the seasonal springtime jump at the pump.

Based on current conditions, gas prices will likely peak sometime between Cinco de Mayo and Memorial Day weekend.”

Florida motorists are currently paying an average price of $2.62 per gallon for regular unleaded. The state average is nearly 30 cents more than a month ago, and 7 cents more than this time last year.

So far this year, the state average has increased 46 cents per gallon. Florida ranks 16th among states with the most expensive gas prices in the nation ($2.62). California is #1 among states with the most expensive gas prices in the nation, with an average price of $3.47 per gallon.

Regional Prices: 

  • Most expensive metro markets – West Palm Beach-Boca Raton ($2.76), Miami ($2.70), Fort Lauderdale ($2.69)
  • Least expensive metro markets – Jacksonville ($2.56), Orlando ($2.56), Punta Gorda ($2.57)

Demand Increases While Domestic Stocks Decline

Demand for gasoline increased by 269,000 b/d from the previous week, according to new data released by the Energy Information Administration (EIA). Demand now sits at 9.4 million b/d, which is 85,000 b/d higher than a year ago, and 200,000 b/d higher than two years ago.

The increase in demand helped to reduce total domestic gasoline stocks, which fell by 4.6 million bbl to 241.5 million bbl last week.

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Find Local Gas Prices

  • Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com
  • Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.

                                     CURRENT AND PAST PRICE AVERAGES

                                                    Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.626 $2.621 $2.545 $2.394 $2.606 $2.97 (5/26/2018) $4.11   (7/17/2008)
Florida $2.618 $2.619 $2.618 $2.342 $2.546 $2.92 (5/25/2018) $4.08   (7/17/2008)
Georgia $2.498 $2.495 $2.419 $2.280 $2.500 $2.84 (5/27/2018) $4.16   (9/15/2008)
Click here to view current gasoline price averages

 

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