AAA: Florida Gas Prices Averaged Less Than They Did Last Year, Increased Four Cents Last Week
By Space Coast Daily // January 1, 2020
Drivers are now paying an average price of $2.46 per gallon at the pump
BREVARD COUNTY, FLORIDA – Florida gas prices are back on the rise. The state average increased 4 cents last week.
Drivers are now paying an average price of $2.46 per gallon at the pump, an increase of nearly 30 cents per gallon from what drivers paid this time last year.
“Gas prices could be dragged even higher this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The state average could soon exceed $2.50 per gallon, based on the current level of wholesale gasoline. Crude prices rose last week after U.S. crude supplies dropped more than expected.
The fuel market also remains bullish over optimism of a possible US-China trade agreement. These factors have gas prices going opposite of their usual downturn this time of year. Even still, gas prices are hovering within the same range they’ve been in since August.”
“Looking forward, gas prices in 2020 are likely to follow a similar trend as in 2019; with price hikes in the spring, then a steady decline through the fall,” Jenkins continued.
“Looking at futures prices, Florida gasoline could average around $2.50 per gallon in the first quarter, then jump 20-30 cents in the spring as refiners conduct seasonal maintenance and switch to summer gasoline. From there, gas prices decline slowly from July-September, then more rapidly through the end of the year. Based on current projections, Florida’s state average could finish 2020 in the $2.30 price range.”
Gas prices in 2019 averaged less than the year before.
Prices at the pump averaged nearly $2.50 per gallon in 2019. That’s 15 cents per gallon less than the annual average in 2018, but 13 cents more than what drivers paid in 2017.
In 2019, Florida gas prices peaked at $2.80 per gallon in April, and sank as low as $2.12 in January. The highs and lows of 2019 were more favorable to drivers than last year.
In 2018, Florida gas prices peaked at $2.92 per gallon, and reached as low as $2.16.
Florida’s State Average:
- is the 20th lowest in the nation
- had the 16th largest weekly increase compared to all other states
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here