AAA GAS REPORT: Florida Gas Prices at $2.74 Per Gallon, Highest in More Than Three Years
By AAA // April 24, 2018
average size tank of gasoline now costs $41 to fill
(AAA) – Americans are finding some of the most expensive gas prices in years. Sunday’s national average of $2.76 per gallon is the highest daily average since July 2015.
Florida gas prices are now the highest in more than three years. Sunday’s state average of $2.74 per gallon, is 2 cents less than the national average and 11 cents more than last week.
- Florida’s state average surpassed last year’s high of $2.73 on Thursday, becoming the highest daily average price since December 2014.
- Florida ranks 20th among states with the highest gas prices
- It costs $5 more to fill an average size tank of gasoline, compared to this time last year
- Florida motorists pay $41 to fill an average-sized tank of gasoline
- The most expensive gas price averages in Florida today are in West Palm Beach-Boca Raton ($2.86), Crestview-Fort Walton Beach ($2.81), and Fort Lauderdale ($2.80)
- The least expensive gas price averages in Florida are in Punta Gorda ($2.69), Orlando ($2.69), and Jacksonville ($2.69)
|Summertime Gas Prices (June-August)|
“High oil prices are the main reason gasoline is so expensive right now,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The price of oil is about 25% more than last year, as what used to be a global supply glut, is now tightening.
Now the added expense of oil is making it more expensive to produce gasoline. In addition, gasoline demand is strong and inventories are down, as refineries wrap-up their maintenance season and begin pushing out summer-blend gasoline. So there are currently a number of factors keeping upward pressure on gas prices.
“If we haven’t already, gas prices will hit their annual peak within the next couple weeks,” Jenkins continued.
“However, unforeseen circumstances like escalating geopolitical tensions or a hurricane in the Gulf of Mexico would cause prices to surge. Unfortunately, oil prices could still remain elevated heading into the summer travel season. Which means, travelers will likely find the most expensive summer gas prices in four years.”
- Oil prices are $15/b higher than this time last year
- Half the price of gasoline is determined by the price of oil
- Oil prices are higher than a year ago due to strong global demand and reduced supply glut
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 $2.76 on April 22; the lowest was $2.49 on January 3.
- Florida: the highest average price was $2.74 on April 20; the lowest was $2.44 on January 2.
- Georgia: the highest average price was $ on April 21; the lowest was $2.35 on January 2.
- Tennessee: the highest average price was $2.55 on April 22; 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|
|Click here to view current gasoline price averages|
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