By AAA
Florida gas prices dropped another 3.5 cents last week. In total, the state average has declined 60 cents in the past two months.
Florida Pump Price Breakdown:
Average price is $1.82 per gallon for regular unleaded
Lowest daily average price since March 2016
94% of Florida gas stations have prices below $2 per gallon
The lowest 10% of pump prices are $1.61 for unleaded
Highest 10% of pump prices are $1.92 for unleaded
Most expensive metro markets – West Palm Beach-Boca Raton ($1.99), Gainesville ($1.99), Fort Lauderdale ($1.94)
Least expensive metro markets – Jacksonville ($1.66), Punta Gorda ($1.69), Panama City ($1.70)
"Gas prices continue moving lower as COVID-related state lockdowns keep Americans off the road, leading to lower demand for gasoline," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Nationwide, implied demand for gasoline has fallen nearly 60%. With fewer drivers on the road, refiners are reducing output. Crude oil prices sank to new lows last week, amid continued uncertainty of when conditions will return to normal. Meanwhile, wholesale gasoline prices remain at lows that could allow the state average to eventually sink to the $1.50s."
Oil and Gasoline Breakdown:
Crude oil sank to the lowest price since January 2002
The price of US crude oil settled at $18.27 per barrel on Friday
Oil production lowered 5% in the past two weeks
Refinery activity declined 23% in the past two weeks
Gasoline stocks are up nearly 10% in the past two weeks
Gasoline production declined nearly 50% in the past month
Fuel demand is down nearly 60% in the past month
Find Florida Gas Prices
Daily gas price averages can be found at Gasprices.aaa.com
State and metro averages can be found here
| AAA GAS PRICE AVERAGES
(Price per gallon of regular unleaded gasoline) |
| Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Record High | |
| National | $1.817 | $1.821 | $1.866 | $2.196 | $2.839 | $4.11 (7/17/2008) |
| Florida | $1.815 | $1.818 | $1.850 | $2.119 | $2.753 | $4.08 (7/17/2008) |
| Georgia | $1.672 | $1.676 | $1.710 | $2.017 | $2.681 | $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.
Comments
No comments on this item Please log in to comment by clicking here