The price of U.S. oil rose 5% last week to a 7-week high

09 January 2022

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Florida gas prices dropped another penny last week, with some drivers finding much deeper discounts at the pump. Although the state average was $3.20 per gallon on Sunday, seven percent of Florida gas stations had pump prices below $3 a gallon.

"January gas prices are often driven down by lower fuel demand. Unfortunately, that downward trend at the pump may soon come to an end," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Oil prices shot up last week and that could restore upward pressure in prices at the pump."

The price of WTI (U.S.) oil rose 5% last week, reaching a 7-week high of $79.46 on Thursday. The increase was mostly due to concerns about how the unrest in Kazakhstan and logistical problems in Libya would hamper global fuel supplies. Friday’s settlement of $78.90 per barrel was $3.69/b more than the week before. The price of oil has increased a total of 11% in the last three weeks.

State Average

  • Sunday’s Avg. Price - $3.20
  • 2021 High - $3.36
  • 2021 Low - $2.19

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.41), Naples ($3.31), Fort Lauderdale ($3.25)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($3.08), Melbourne-Titusville ($3.11), Sebring ($3.12)

Ways to Save on Gasoline

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community. 
  • Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle. 
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy. 
  • Ensure your vehicle is properly maintained. An engine tune-up, new air filter and proper tire inflation can all help fuel economy. Visit AAA.com/AutoRepair to find a AAA Approved Auto Repair facility near you. 
  • Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.

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
(Price per gallon of regular unleaded gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago Record High
National $3.303 $3.304 $3.288 $3.338 $2.309 $4.11   (7/17/2008)
Florida $3.197 $3.199 $3.213 $3.278 $2.297 $4.08   (7/17/2008)
Georgia $3.117 $3.119 $3.099 $3.158 $2.151 $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 AAA - The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.