Florida gas prices fall, but rebound in oil market could limit decline

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From AAA

Florida gas prices are still falling, but may not drop as far as initially expected, after oil prices rebounded last week.

Two weeks ago, AAA began asking for a potential 20-30 cent rebate at the pumps, after oil prices fell 16% after Thanksgiving. The drop in crude prices was based on concerns about the severity of the emerging omicron variant and whether it would have a potential impact on global economic growth and limit mobility.

However, about half of that price drop was wiped out last week as omicron concerns appeared to ease. After dropping from $ 78 a barrel to $ 65 two weeks ago, the price of crude fell back to $ 71.67 on Friday. Despite the increase, oil prices are still lower than they were two weeks ago and prices at the pump still haven’t fully adjusted.

“After plunging two weeks ago, the crude market picked up strength last week,” said Mark Jenkins, spokesperson for AAA – The Auto Club Group. “As a result, that 20 to 30 cent drop that we were anticipating could look more like 10 to 20 cents. Oil prices remain the main drivers of prices at the pump. So if oil prices rise again this week, drivers will again have to adjust their expectations. “

Prices at the pump are slowly falling. The state average is down 3 cents last week and 10 cents overall in the past 23 days. Florida drivers now pay an average price of $ 3.27 per gallon – the lowest daily average price since mid-November.

Apopka gas price

Regional rates

  • Very expensive Metro Markets – West Palm Beach-Boca Raton ($ 3.44), Naples ($ 3.35), Fort Lauderdale ($ 3.33)
  • The cheapest Metro markets – Crestview-Fort Walton Beach ($ 3.14), The Villages ($ 3.16), Punta Gorda ($ 3.17)

Ways to save on gasoline

  • Combine races to limit driving time.
  • Compare the prices for the best gas prices in your community.
  • Remember to pay in cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle.
  • Drive safely. Aggressive acceleration and speeding reduce fuel economy.
  • Make sure your vehicle is well maintained. A tune-up of the engine, a new air filter, and proper tire inflation can all help with fuel economy. Visit AAA.com/AutoRepair to find an AAA Authorized Auto Repair Center near you.
  • Sign up for savings programs. AAA members who sign up for Shell’s Fuel Rewards program can save 5 cents per gallon when refueling at Shell. Click here for more information.

Find Florida Gas Prices

AVERAGE AAA GAS PRICES
(Price per gallon of regular unleaded gasoline)

Sunday Saturday A week ago A month ago One year ago High record
national $ 3.329 $ 3.330 $ 3,359 $ 3,416 $ 2,162 $ 4.11 (07/17/2008)
Florida $ 3,265 $ 3,268 $ 3,299 $ 3,276 $ 2.137 $ 4.08 (07/17/2008)
Georgia $ 3,146 $ 3,150 $ 3,183 $ 3,260 $ 2,006 $ 4.16 (09/15/2008)
Click here to view current gasoline price averages

Gas price survey methodology
AAA updates fuel price averages daily on www.GasPrices.AAA.com. Every day, up to 130,000 stations are polled based on credit card readings 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 one gallon of regular unleaded gasoline.

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