Florida Labor Day Gas Prices Will Be Lowest in Two Years, 43 Cents Lower Than Last Year
By Space Coast Daily // August 27, 2019
Florida drivers are currently paying an average price of $2.37 at the pump
BREVARD COUNTY, FLORIDA – Labor Day is quickly approaching and gas prices for the holiday weekend are lining up to be the lowest in two years. However, there are still a number of factors could push prices higher before the holiday.
Florida drivers are currently paying an average price of $2.37 at the pump.
The state average is 43 cents per gallon less than it was on Labor Day 2018 ($2.80), and 27 cents less than Labor Day 2017 ($2.64).
“Labor Day travelers continue to benefit from lower oil prices this year as they fill-up for their Labor Day road trip,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
“Strong U.S. oil production rates are holding oil prices about 15 percent below last year’s levels, reducing the cost of producing gasoline. Gas prices should remain low heading into the holiday unless something threatens fuel supplies like geopolitical tension or a hurricane in the Gulf of Mexico.”
Labor Day marks the end of the busy summer travel season and the last big surge in gasoline demand before the fall. The expectation of strong demand can promote a slight and temporary bump at the pump before the holiday.
However, after Labor Day, refineries begin their seasonal switch to winter-blend gasoline.
Summer-blend gasoline is more expensive to produce than winter-blend because the EPA requires more additives in the warmer months of the year.
The combination of both lower demand and fuel production costs typically puts downward pressure on pump prices through the end of the year.
Florida gas prices have declined 37 of the past 39 consecutive days, for a total discount of 33 cents per gallon. Sunday’s state average of $2.37 is 6 cents less than last week, 25 cents less than a month ago, and 36 cents less than this time last year.
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)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 High
|2018 High||Record High|
|National||$2.593||$2.598||$2.621||$2.751||$2.838||$2.895||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Florida||$2.371||$2.376||$2.427||$2.622||$2.730||$2.795||$2.92 (5/25/2018)||$4.08 (7/17/2008)|
|Georgia||$2.422||$2.426||$2.468||$2.636||$2.694||$2.735||$2.84 (5/27/2018)||$4.16 (9/15/2008)|
|Click here to view current gasoline price averages|
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