Lower oil and wholesale gasoline prices drive down Florida gas prices
TAMPA, Fla., (May 13, 2019) — Florida gas prices declined an average of 7 cents during the past week. The state average has declined the past 9 consecutive days for a total decline of 8 cents.
Sunday’s state average of $2.71 per gallon is 7 cents less than a week ago, 8 cents less than a month ago, and nearly 10 cents less than this time last year. Year-to-date, the state average has averaged $2.48 per gallon - 11 cents less than the same period last year.
"Stabilizing fuel supplies and lower crude oil prices are leading to cheaper prices at the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Recent declines in wholesale gasoline should allow the state average to slip another 5 cents or more in the next week or two. However, May is a very volatile month for gasoline and motorists should not be surprised if pump prices rise again before Memorial Day."
The price of crude oil held relatively steady last week, averaging $61.83 per barrel; almost a dollar less than the week before. Friday’s daily settlement of $61.66 per barrel is nearly $5/b less than this year’s high - set two weeks ago. Meanwhile, gasoline futures dropped four cents on the NYMEX. Wholesale gasoline has declined nearly 10 cents in the past two weeks, which lowers the cost for retailers to purchase fuel.
- Most expensive metro markets – West Palm Beach-Boca Raton ($2.78), Gainesville ($2.76), Miami ($2.76)
- Least expensive metro markets – Punta Gorda ($2.63), Pensacola ($2.66), Crestview-Fort Walton Beach ($2.67)
- 18th in the nation among states with the least expensive average daily gas price ($2.71)
- 7th in the nation among states with the largest discount at the pump during the past week (7 cents per gallon)
- 24th in the nation among states with the largest discount at the pump during the past month (8 cents)
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here
|Sunday||Saturday||Week Ago||Month Ago||Year Ago||2018 High||Record High|
|National||$2.863||$2.866||$2.894||$2.811||$2.868||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Florida||$2.713||$2.722||$2.781||$2.795||$2.821||$2.92 (5/25/2018)||$4.08 (7/17/2008)|
|Georgia||$2.681||$2.686||$2.720||$2.659||$2.718||$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 59 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.