Pump prices could rise 5-10 cents, but remain less than the price last Thanksgiving
Florida gas prices are holding steady, but could increase next week, as 2.6 million Floridians prepare to take a Thanksgiving road trip. Although it’s no guarantee, drivers may see pump prices rise 5-10 cents this week, based on recent increases in the price of wholesale gasoline.
"Even if gas prices do rise this week, a 5-10 cent increase is not likely to cause Floridians to cancel their travel plans," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "If the state average returns to $2.45 per gallon, it’d be the same price motorists paid during last year’s holiday. Additionally, it’s nearly the same price Floridians paid a month ago - when most people were finalizing their travel plans. However, if the state average remains less than $2.45, Thanksgiving travelers in Florida would be paying the lowest gas prices for the holiday in three years."
Last week, wholesale gasoline prices rose last week alongside crude oil, in response to reports that Russia would cooperate with OPEC’s efforts to balance global crude supply and demand. Crude prices ping-ponged last week, but ultimately finished flat. Gasoline futures, on the other hand, finished the week five cents higher than where they started on Monday.
Despite the upward pressure, market fundamentals could easily change course early this week, allowing pump prices to hold steady through the holiday. Florida drivers are currently paying $2.36 per gallon. The state average is a half-cent less than a week ago, 6 cents less than last month, and 7 cents less than this time last year.
Florida drivers are paying 44 cents less than the highest daily average price of the year - set back in April.
- Most expensive metro markets – West Palm Beach - Boca Raton ($2.50), Panama City ($2.48), Tallahassee ($2.47)
- Least expensive metro markets – Tampa-St. Petersburg-Clearwater ($2.26), Orlando ($2.28), Jacksonville ($2.31)
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
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||
|2018 High||Record High|
|National||$2.591||$2.592||$2.600||$2.620||$2.567||$2.895||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Florida||$2.362||$2.362||$2.367||$2.424||$2.431||$2.795||$2.92 (5/25/2018)||$4.08 (7/17/2008)|
|Georgia||$2.436||$2.434||$2.414||$2.417||$2.403||$2.735||$2.84 (5/27/2018)||$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.
About 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, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico 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 and 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.