AAA: Gas prices slip lower, yet upward pressure remains; Apopka prices ranging $2.77 - $2.99

Prices have slipped a total of 5 cents since setting a new 2021 high of $3.10 per gallon in mid-September

From AAA

Florida gas prices declined another 2 cents last week. The state average has been on a downward trend for the past two weeks; slipping a total of 5 cents since setting a new 2021 high of $3.10 per gallon in mid-September.

"After weeks of declines, gas prices face renewed upward pressure after the price of crude oil rose 3% last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude prices have remained elevated this year, because unlike the years before the pandemic - where supplies far outpaced demand - the global fuel market has tightened. Many countries reduced fuel production, due to the pandemic, and are now struggling to keep pace with returning demand."

The fuel market is closely watching the planned OPEC+ meeting today. The cartel is meeting to discuss raising oil production. Oil prices rose last week on concerns that the cartel's planned 400,000 barrel per day increase would not be enough to meet global fuel demand. Now, there are reports that OPEC+ is considering doubling the rate increase.

Last week, the price of US crude oil set a new 2021 high. Friday's settlement of $75.88 per barrel was $2 more than the week before, and the most expensive daily settlement since October 2018.

Apopka Prices

Regional Prices

Most expensive metro markets – West Palm Beach-Boca Raton ($3.23), Fort Lauderdale ($3.10), Naples ($3.10)

Least expensive metro markets – Punta Gorda ($2.97), The Villages ($3.00), Jacksonville ($3.00), Tampa-St. Petersburg-Clearwater ($3.00)

Ways to Save on Gasoline

Combine errands to limit driving time.

Shop around for the best gas prices in your community.

Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.

Remove excess weight in your vehicle.

Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.

Enroll in savings programs. AAA Members who enroll in Shell's Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.

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.