Florida gas prices are slowly adjusting to the recent crude oil price plunge. Sunday's state average has slipped to $3.30 per gallon, after declining 4 cents during the past week. That downward trend is likely to continue this week, unless oil prices suddenly rebound.
Crude oil prices plummeted after Thanksgiving, on concerns about how the omicron variant could impact global fuel demand. The price of US crude dropped 13% after Thanksgiving and remained down all last week. Friday's closing price of $66.26 per barrel is 15% below the price on the Wednesday before Thanksgiving. It's also 21% below the 2021 high of $84.15/b - which was recorded nearly four weeks ago.
"An oil price drop of that magnitude, if sustained, could potentially drive the state average back below $3 a gallon," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "But it won't happen overnight. Florida pump prices are falling at a rate of 1-cent a day. Unless that rate accelerates, it could take a few more weeks before pump prices fully adjust."
Price | Station | Area | |
---|---|---|---|
$2.95
|
|
|
Apopka |
$3.23
|
|
|
Apopka |
$3.24
|
|
|
Apopka |
$3.24
|
|
|
Apopka |
$3.25
|
|
|
Apopka |
$3.25
|
|
|
Apopka |
$3.25
|
|
|
Apopka |
$3.26
|
|
|
Apopka |
$3.27
|
|
|
Apopka |
$3.28
|
|
|
Apopka |
AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Record High | |
National | $3.359 | $3.363 | $3.394 | $3.421 | $2.161 | $4.11 (7/17/2008) |
Florida | $3.299 | $3.305 | $3.341 | $3.293 | $2.156 | $4.08 (7/17/2008) |
Georgia | $3.183 | $3.188 | $3.220 | $3.255 | $1.997 | $4.16 (9/15/2008) |
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.
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