AAA: Florida Gas Price Average Down 6 Cents, Average Price is $2.85 Per Gallon

drivers are getting a welcome break from rising prices at the pump

(AAA) – Florida gas prices continue to drift lower. The state average declined 3 cents last week, for a total discount of 6 cents in the past two weeks.

Pump prices have gradually declined since the state average reached the 2021 high of $2.91 per gallon on March 21. Drivers are now paying an average price of $2.85 per gallon.

“Florida drivers are getting a welcome break from rising prices at the pump,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.

“Prices are declining now that refineries have mostly recovered from the power outages in mid-February, which resulted in reduced gasoline supplies.”

“Crude oil prices also dropped in recent weeks, due to global concerns about rising cases of COVID-19 and lockdowns in Europe. Since retail prices have not yet fully adjusted to the oil and gasoline futures price drops, drivers should see pump prices slip even lower this week.”

The price of U.S. crude (WTI) settled at $61.45 per barrel on Thursday. Last week’s closing price is down 7% from this year’s high of $66.09/b, which was set on March 5. Meanwhile, gasoline futures and wholesale gasoline prices are down around 15 cents per gallon, from previous highs.

Although gas prices are significantly higher than this time last year, year-on-year comparisons can be misleading right now. That’s because pump prices were plunging in April 2020, due to the pandemic’s crippling effect on demand.

The state average of $2.85 is nearly $1 per gallon more than this time last year. It’s only 5 cents more than the 2019 high of $2.80 per gallon, which was recorded in mid-April.

Regional Prices

Most expensive metro markets – West Palm Beach – Boca Raton ($2.98), Miami ($2.91), Fort Lauderdale ($2.90)
Least expensive metro markets – Punta Gorda ($2.76), The Villages ($2.78), Ocala ($2.78)

Find Florida Gas Prices

Daily gas price averages can be found at Gasprices.aaa.com
State and metro averages can be found here

AAA GAS PRICE AVERAGES
(Price per gallon of regular unleaded gasoline)

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.

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