Florida's gas prices fall to eight-week low

Florida gas prices fall to eight-week low
Image via Drew Dixon.

At $2.78 per gallon, Florida gas prices expected to increase soon.
AUGGASPRICES
Coronavirus vaccines and rising GDP in the U.S. are expected to push gasoline prices higher heading into summer months.

Florida gas prices have now fallen to their lowest levels in eight weeks, according to AAA Florida Auto Club data released Monday.

The average cost for a gallon of gas in the Sunshine State now stands at $2.78. It’s a decrease of only about a penny since a week ago, but it also represents a steady decline since March.

Most of the weekly declines have been modest, with the most notable about a 4-cent drop in the third week of April. But AAA Florida officials say the downward trend in gas prices is likely to come to an end soon.

“Gas prices have mostly declined for six consecutive weeks, as refinery activity recovered from power outages earlier this year,” said Mark Jenkins, AAA Florida spokesperson. “That downward trend is now in jeopardy. Crude and gasoline futures prices rebounded last week, after positive U.S. economic data increased market optimism about summer demand.”

As more and more people are getting coronavirus vaccines, economic optimism is increasing not only in Florida, but across the country. The price of crude oil on the global market has increased 2% in the past week and the gross domestic product jumped 6.4% in the first quarter of this year.

While gas prices have fallen to the lowest levels in eight weeks, the current price for gas is equal to levels two years ago long before the COVID-19 pandemic gripped Florida and the world.

The most expensive gasoline in the state could be found in West Palm Beach at $2.93 per gallon. Tallahassee saw the second most expensive gas at $2.92 followed by Panama City at $2.90.

Punta Gorda recorded the cheapest gas in the state at $2.67 per gallon followed by Orlando at $2.70 and the Tampa area at $2.71.

Florida’s average price for a gallon of gas is well below the national average, which stands at $2.90.

Drew Dixon

Drew Dixon is a journalist of 40 years who has reported in print and broadcast throughout Florida, starting in Ohio in the 1980s. He is also an adjunct professor of philosophy and ethics at three colleges, Jacksonville University, University of North Florida and Florida State College at Jacksonville. You can reach him at [email protected]


One comment

  • tom palmer

    May 7, 2021 at 7:15 pm

    This post is out of date. Price is $2.85 in Polk.

Comments are closed.


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