Gas prices continue to drop, though not exactly to bargain levels
Image via The Associated Press.

gas prices
There could be room for more declines in coming days.

Florida gasoline prices dropped an average of 15 cents per gallon last week, continuing the steady downhill pace from the record high set in June, AAA reported Monday.

At $4.42 per gallon, Florida’s average gas price now is 42 cents lower than the peak, and lower than it has been since mid-May, according to AAA — The Auto Club Group.

The forecast shows prices could dip even lower. The prices across Florida are spread across a wide scale and at least some of the trends in global markets are downward, suggesting there still is plenty of room for more decline in price. A statewide average of $4.30 may be seen this time next week.

A month ago, Florida drivers saw an average price of $4.88. Then again, a year ago it was $3.01.

“Floridians are getting some welcome relief from record high prices at the pump,” said Mark Jenkins, spokesman for AAA — The Auto Club Group, in a news release. “The price declines are attributed to falling oil and gasoline futures prices, which suffered steep drops in recent weeks, due to concerns about a potential global economic recession, and how that could result in lower worldwide demand for fuel.”

“However, there is still concerns about global fuel supplies, which is keeping somewhat of a floor on prices,” Jenkins added. “Unless there’s a sudden rebound in the price of oil, the state average should drop below $4.30 this week.”

The U.S. price for crude oil plummeted early last week, falling a total of $10 per barrel in two days before erasing some of those losses by the end of the week, AAA reported. Last Wednesday’s settlement price of $98.53 per barrel was the lowest closing price for oil since April 2022. By the end of the week, it was back up to $104.79, but that still was down from the week before.

In Florida, AAA found the best gas prices in the Crestview-Fort Walton Beach market, where drivers saw an average of $4.28. In Panama City the average price was $4.30; in the Melbourne-Titusville market, $4.30; Orlando, $4.35; Tampa, $4.36; Tampa, Tallahassee and Sarasota, $4.38; and St. Petersburg, $4.39.

Florida’s most expensive gas continues to be pumped in the West Palm Beach-Boca Raton market, where it was at $4.63 Monday. That was followed by Naples, $4.59; Miami and Fort Lauderdale, $4.52; Gainesville, $4.43; and Fort Myers, $4.42.

Scott Powers

Scott Powers is an Orlando-based political journalist with 30+ years’ experience, mostly at newspapers such as the Orlando Sentinel and the Columbus Dispatch. He covers local, state and federal politics and space news across much of Central Florida. His career earned numerous journalism awards for stories ranging from the Space Shuttle Columbia disaster to presidential elections to misplaced nuclear waste. He and his wife Connie have three grown children. Besides them, he’s into mystery and suspense books and movies, rock, blues, basketball, baseball, writing unpublished novels, and being amused. Email him at [email protected]


4 comments

  • Andrew T. Linko

    July 11, 2022 at 9:23 am

    Damn Biden!

    • Joe Corsin

      July 11, 2022 at 9:26 am

      ^ This socialist wants government to intervene in the free market so that he can get cheap stuff!!!

  • marylou

    July 11, 2022 at 6:33 pm

    Biden’s just used his MYSTICAL SUPERPOWERS to control global gas prices again!

    • Antonio

      July 16, 2022 at 5:14 pm

      We are an oil producing nation. We can have lower gas prices than other countries that do not produce their own oil. I have been traveling abroad on business for decades, Europe has always had higher gas prices. Why? Because most of Europe does not produce oil, they get it from other countries and territories. The current administration’s anti-oil policies are the direct cause of our high gas prices here in the USA. Something can absolutely be done about gas prices here. They are choosing not to do so.

Comments are closed.


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