Thursday, May 9, 2024

Florida gas prices fall to new low this year



Florida gas prices plummeted to their lowest ranges of the year remaining week, AAA reported Monday.

According to AAA, Sunday’s state moderate was once $3.17 in keeping with gallon — 5 cents not up to the former low that was once set in March.

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“Florida drivers are now finding some of the lowest pump prices since December 2022,” stated Mark Jenkins, spokesman, AAA – The Auto Club Group. “Drivers are even finding pump prices below $3 a gallon in some cities. In fact, about 20% of Florida gas stations now have gasoline priced below $3 a gallon. Even more are likely to follow, this week.”

“The seasonal decline in driving demand, coupled with gasoline supply builds and falling oil prices are all contributing to the recent pump price drop,” Jenkins persisted. “Expect these low prices to hang around through the holidays, unless oil prices suddenly spike or there’s an unexpected disruption to fuel supplies.”

According to AAA, the Sunshine State’s gas worth moderate declined 12 cents in keeping with gallon remaining week — down 68 cents from this year’s top of $3.85, which was once set in mid-August.

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“The price of U.S. crude settled at $80.51 per barrel on Friday,” a news liberate from AAA mentioned. “That’s $5 per barrel (6%) less than the week before. Gasoline futures also declined 11 cents, for a combined discount of 17 cents per gallon through two weeks.”

The most costly metro markets are lately West Palm Beach-Boca Raton ($3.37), Naples ($3.29), and Tallahassee ($3.28).

The least pricey metro markets are Pensacola ($3.00), Crestview-Fort Walton Beach ($3.02), and Orlando ($3.07).

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