Gas Prices in Florida Drop 15 Cents at the Pump Compared to Last Month
By AAA // June 11, 2019
national average is $2.74, which is seven-cents cheaper than last week
BREVARD COUNTY, FLORIDA – Nearly every state’s gas price average is cheaper than a week ago, a month ago and a year ago.
Today’s national average is $2.74, which is seven-cents cheaper than last week, 13-cents less than a month ago and 18 cents cheaper than a year ago.
“Refinery utilization in the United States is at its highest level since early January, resulting in overall gasoline stocks at healthy levels to meet robust summer demand,” said Jeanette Casselano, AAA spokesperson.
“Prices are dropping due to cheaper crude oil and at the same time U.S. supply is keeping pace with demand,” s “The national average is poised to fall to at least $2.70 this week – an indication that pump prices may be even cheaper this summer.”
For the last three weeks, demand has remained relatively robust at 9.4 million b/d. Meanwhile, gasoline stocks have increased weekly with total inventories at nearly 4 million bbl ahead of the five-year average, according to Energy Information Administration (EIA) data.
As the region continues to carry among the cheapest gas price averages in the country, every state’s average is cheaper by at least a dime compared to last month.
The region also touts some of the largest monthly decreases in the country.
Georgia (-18 cents), Texas (-17 cents), Louisiana (-15 cents), (Florida (-15 cents) and South Carolina (-15 cents) rank among the top 10 states with the biggest change in pump prices compared to last month.
Related Story:AAA: Oil Prices Plummet to 4-Month Low; Florida Gas Pump Prices Fall Further Averaging $2.57/Gallon
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