Staff Reports
Gasoline prices declined for the ninth consecutive day on Sunday, the AAA reported Monday.
Gas prices in Florida dropped 5 cents during the past week. The average price for gasoline in Florida is averaging $2.75 per gallon.
Sunday’s state average is 3.5 cents more than a month ago, and 55 cents more than this time last year.
The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.86), Miami ($2.82), and Crestview-Fort Walton Beach ($2.82).
The least expensive gas price averages in Florida are in Punta Gorda ($2.66), Tampa-St. Petersburg-Clearwater ($2.70), and Orlando ($2.70).
The national average declined 4 cents during the past week. Sunday’s average of $2.84 per gallon is 2 cents less than a month ago, yet remains 56 cents more than last year.
“Oil prices averaged $3-$5 less than the previous three weeks, allowing gas prices to lose value,” said Mark Jenkins, spokesman for AAA-The Auto Club Group.
“Although prices are lower, there is still volatility at the pump as gasoline demand remains high during the summer driving season and global supply concerns persist.”
Market prices were mixed last week due to higher oil production and supplies versus lower gasoline stocks in the face of strong demand.
The latest supply report from the Energy Information Administration (EIA) showed U.S. crude production finally reached the much-anticipated 11-million-b/d mark. Conversely, gasoline stocks dropped as demand ramped up.
For gas price tools, visit GasPrices.AAA.com, download the AAA Mobile app or check the AAA Gas Cost Calculator.
