Oil prices remain elevated, preventing a pump price plunge
Florida gas prices are declining as 5.5 million Floridians hit the road for the year-end holidays. The state average has declined the past 16 consecutive days for a total discount of 12 cents per gallon.
Florida drivers are now paying an average price of $2.42 per gallon. Although the state average is 4 cents less than a week ago, gas prices remain 5 cents more than last month and 18 cents more than this time last year. During the past few years, Florida gas prices on Christmas Day averaged $2.21 in 2018, $2.35 in 2017, and $2.32 in 2016.
"Elevated oil prices and issues at a massive Gulf Coast refinery are preventing prices at the pump from falling as fast as they did this time last year," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "As a result, year-end holiday gas prices are poised to be the most expensive in five years. But that’s unlikely to slow travelers down, because current prices are around the same level as a month ago - when most travel plans were finalized."
Last week, the price of crude reached $61.22 per barrel. That was the highest daily settlement in three months and nearly $20 per barrel (48%) more than this time last year. The price of crude remains high due to small dips in U.S. crude supplies, continued optimism in a US-China trade agreement, and a strong dollar - which makes crude more expensive for traders using foreign currencies.
- Most expensive metro markets – West Palm Beach-Boca Raton ($2.55), Sebastian-Vero Beach ($2.50), Gainesville ($2.50)
- Least expensive metro markets – Tampa-St. Petersburg-Clearwater ($2.32), Orlando ($2.35), Punta Gorda ($2.37)
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||$2.549||$2.551||$2.556||$2.591||$2.337||$2.895||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Florida||$2.418||$2.419||$2.457||$2.365||$2.235||$2.795||$2.92 (5/25/2018)||$4.08 (7/17/2008)|
|Georgia||$2.386||$2.386||$2.394||$2.424||$2.146||$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.