Florida gas prices declined an average of 3 cents per gallon last week
TAMPA, Fla., (August 10, 2020) — Florida gas prices are beginning to trickle lower. Retail prices are backing off from the 20-week high of nearly $2.16 per gallon, which was set eight days ago.
The state average declined 3 cents per gallon last week. Florida drivers are now paying an average price of nearly $2.13 per gallon.
"Florida drivers continue to enjoy unusually low gas prices for this time of year," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "The cost for a full tank of gas is about $5 less than it was this time last year. The pandemic’s effect on fuel demand continues to weigh on crude oil and wholesale gasoline prices, preventing any monumental gains. Low oil prices make it cheaper to produce and sell gasoline."
The price for a barrel of US crude oil settled at $41.22, Friday on the NYMEX. Crude prices have held close to the $41 range for the past six weeks. This time last year, the price of crude was around $54 per barrel, the difference of about 30% from what crude is now.
Florida’s state average is 5 cents per gallon less than the national average for gasoline. The U.S. average of $2.18 per gallon is down 1-cent from a week ago. It remains nearly 50 cents per gallon less than this time last year.
- Most expensive metro markets – West Palm Beach-Boca Raton ($2.23), Gainesville ($2.16), Fort Lauderdale ($2.15)
- Least expensive metro markets – Punta Gorda ($2.05), Crestview-Fort Walton Beach ($2.08), Pensacola ($2.08)
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here
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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.
About AAA - The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, banking, financial services, and travel offerings to over 13.5 million members across 13 U.S. states, the province of Quebec and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.