Oil prices remain elevated, which is preventing a pump price plunge

Florida gas prices are declining as 5.5 million Floridians hit the road for the year-end holidays. The state average has declined the past 16 consecutive days for a total discount of 12 cents per gallon.

Read the full Year-End Holiday Travel Forecast

Florida drivers are now paying an average price of $2.42 per gallon. Although the state average is 4 cents less than a week ago, gas prices remain 5 cents more than last month and 18 cents more than this time last year. During the past few years, Florida gas prices on Christmas Day averaged $2.21 in 2018, $2.35 in 2017, and $2.32 in 2016.

“Elevated oil prices and issues at a massive Gulf Coast refinery are preventing prices at the pump from falling as fast as they did this time last year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “As a result, year-end holiday gas prices are poised to be the most expensive in five years. But that’s unlikely to slow travelers down, because current prices are around the same level as a month ago – when most travel plans were finalized.”

Last week, the price of crude reached $61.22 per barrel. That was the highest daily settlement in three months and nearly $20 per barrel (48%) more than this time last year. The price of crude remains high due to small dips in U.S. crude supplies, continued optimism in a US-China trade agreement, and a strong dollar – which makes crude more expensive for traders using foreign currencies.

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($2.55), Sebastian-Vero Beach ($2.50), Gainesville ($2.50)
  • Least expensive metro markets – Tampa-St. Petersburg-Clearwater ($2.32), Orlando ($2.35), Punta Gorda ($2.37)

Find Florida Gas Prices

(Price per gallon of regular unleaded gasoline)
Sunday Saturday Week Ago Month Ago One Year Ago 2019 High
2018 High Record High
National $2.549 $2.551 $2.556 $2.591 $2.337 $2.895 $2.97 (5/26/2018) $4.11   (7/17/2008)
Florida $2.418 $2.419 $2.457 $2.365 $2.235 $2.795 $2.92 (5/25/2018) $4.08   (7/17/2008)
Georgia $2.386 $2.386 $2.394 $2.424 $2.146 $2.735 $2.84 (5/27/2018) $4.16   (9/15/2008)
Click here to view current gasoline price averages



Please enter your comment!
Please enter your name here