AAA: Florida gas prices rise 7 cents after recent oil price hike

Drivers faced another round of rising gas prices last week as retail prices at the pump continued to adjust to the big jump in oil prices, which occurred more than a week ago. The 17% oil price hike was largely in response to OPEC's announcement that it would cut oil production by 2 million barrels per day in an effort to raise oil prices.”

Mark Jenkins, AAA

Florida gas prices increased 7 cents per gallon last week. The state average has increased by 23 cents per gallon since October 6th. 

"Drivers faced another round of rising gas prices last week, as retail prices at the pump continued to adjust to the big jump in oil prices which occurred more than a week ago," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "The 17% oil price hike was largely in response to OPEC's announcement that it would cut oil production by 2 million barrels per day in an effort to raise oil prices. The resulting gas price hike effectively erased any discounts created by the state gas tax holiday. Fortunately, oil prices took a step back last week, which should ease upward pressure at the pump." 

The U.S. price of oil settled at $85.61 per barrel on Friday. That' was $7 per barrel (-8%) less than the week before, and back in line with where oil prices were four weeks ago. 

Florida gas prices averaged $3.40 per barrel on Sunday. That's 7 cents per gallon more than a week ago, 22 cents more than this time last year, yet 3 cents less than last month.

Drivers are now paying $1.49 per gallon less than mid-June when gasoline reached an all-time high of $4.89 per gallon. It now costs $51 to fill an average-sized 15-gallon tank of gasoline. That's $22 less than what it cost when prices were at their peak during the summer. 

Apopka Gas Prices

From gasbuddy.com

Regional Prices

• Most expensive metro markets – West Palm Beach-Boca Raton ($3.55), Sebastian-Vero Beach ($3.43), Naples ($3.43)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.20), Pensacola ($3.26), Panama City ($3.30)

Ways to Save on Gasoline

• Combine errands to limit driving time.
• Shop around for the best gas prices in your community. 
• Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
• Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
• Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.

AAA Resources for Drivers

• Enroll in savings programs. AAA Members who enroll in Shell's Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
• Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
• Find the lowest gas prices in your area by using the free AAA mobile app.
• Determine anticipated fuel costs for your trip by using the AAA's Gas Cost Calculator.

Find Florida Gas Prices

• Daily gas price averages can be found at Gasprices.aaa.com 
• State and metro averages can be found here

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago
National	$3.888	$3.892	$3.910	$3.692	$3.314
Florida	$3.403	$3.404	$3.325	$3.432	$3.179
Georgia	$3.256	$3.260	$3.226	$3.201	$3.144
Click here to view current gasoline price averages

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.