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Gas prices in Florida are at their lowest level in three months, sinking by Sunday to $3.33 per gallon — a 15-cent drop in the last week, per AAA — The Auto Club Group.
Florida’s gas prices sank somewhat steadily over the past four weeks from $3.69 per gallon.
The discount at the pump is largely due to falling oil prices, AAA spokesperson Mark Jenkins said in a statement.
“However, the downward trend could stall soon,” he added. “Ongoing geopolitical tensions allowed oil prices to regain some strength last week, though they remain below price levels we saw three weeks ago.”
The price of U.S. crude settled at $87.69 per barrel Friday, a $4.90-per-barrel uptick (6%) from the week prior.
But the price is still well below the $93-per-barrel high seen Sept. 27 after the Group of Seven — consisting of the United States, Canada, France, Germany, Italy, Japan and United Kingdom — announced plans to financially assist Ukraine by tightening sanctions on Russia.
AAA said the oil market is also uneasy about the Israel-Gaza conflict.
By late Sunday, the price of oil trended lower in overnight trading.
Unchanged is where gas in Florida costs the most. The West Palm Beach-Boca Raton metropolitan area again led all others at $3.53 per gallon. Naples ($3.49 per barrel) and Tallahassee ($3.45) followed.
Gas is cheapest in Pensacola, where motorists are paying $3.16 at the pump, followed by the Crestview-Fort Walton Beach area ($3.19) and Orlando ($3.25).
Florida gas prices remain markedly below the national $3.60-per-gallon average but are notably higher than prices in the state’s nearest neighbor. Georgia drivers and motorcyclists are paying $3.07 per gallon on average to fill their tanks.
Californians have the worst pump woes, shelling out about $5.62 per gallon to refuel. Mississippians and Texans have it best, paying $3.07 per gallon.
4 comments
Rick Whitaker
October 16, 2023 at 9:52 am
biden needs to be credited for the drop in price
Michael K
October 16, 2023 at 10:23 am
Thank you, President Biden!
Andy
October 16, 2023 at 10:34 am
As the GOP would state, DAMN BIDEN!
Gary H
October 16, 2023 at 12:47 pm
Everyone focuses on the price of gas, but it’s the price of diesel fuel that hits everyone in the pocket, whether you own a car or not, as almost all consumer goods move by truck, rail or ship, or combinations of them, and those transportation costs are driving higher prices on everything consumer related, including the price of gasoline, which in Florida is mainly delivered by barge or ship, and then trucks for the “last mile”. All hydrocarbon fuel prices impact the consumer, and as winter starts up, the prices for diesel will go higher as consumer heating oil demand will pick up.
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