After hitting a new low for 2023 at the start of the week, gas prices in Florida saw a slight increase in recent days, according to AAA.
“The state average logged a new 2023 low of $3.16 per gallon on Monday. It then rose 8 cents per gallon by Wednesday. Fortunately, however, that upward trend immediately reversed course, as the state average declined 2-cents a day, through the past three days,” AAA noted.
On Sunday, the average gallon of gas in Florida cost $3.19. The national average stood at $3.37 a gallon on Sunday.
“Last week’s gas price hike didn’t make much sense, considering how oil and gasoline futures prices have steadily fallen through the past few weeks,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Either way, the jump at the pump was short-lived lived and those gains were mostly erased by the weekend. Oil prices are now at multi-month lows, which should help keep gas prices low through the holidays.”
AAA noted that oil prices have been dropping, which has impacted prices at the pump.
“The price of crude has been on a 3-week streak of declines, falling 13 percent ($11) since late October. The price of oil continues to have a direct impact on pump prices, since oil is a key ingredient in gasoline. In late September, oil was trading at above $90 per barrel. Friday’s closing price was $77.17 – a $5 drop from the week before,” AAA noted.
The West Palm Beach – Boca Raton area saw the most expensive gas in the state with an average of $3.37 a gallon, followed by Naples at $3.27 a gallon and Tallahassee at $3.24 a gallon.
The Crestview-Fort Walton Beach area had the least expensive gas in the state, with an average of $2.94 a gallon, followed by Pensacola at $2.97 a gallon and Panama City at $3.02 a gallon.
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