Florida gas prices seesawed again last week. The state average went from $3.04 per gallon on Monday, back up to $3.18/g by Thursday. On Sunday, Florida’s gas price had fallen back down to $3.10/g.
These price swings have become pretty common. Since September 2024, Florida’s average price has bounced between $2.96/g and $3.30/g – with drivers paying an average price of $3.11/g.
“Florida gas prices are poised to move lower this week,” said Mark Jenkins, spokesman for AAA – The Auto Club Group. “Oil prices dropped last week on concerns that OPEC and its allies could add more oil to the market, at a time when the global economy braces for a potential slowdown – which typically results in lower fuel demand.”
OPEC+ reportedly plans to bring 2.2 million oil barrels per day back to the market by November. The effort is allegedly designed to sink oil prices in effort to regain market share, while also punishing Iraq and Kazakhstan for not complying with production quotas.
Friday, the U.S. price for oil was $58.29 per barrel. That’s down $4.73 (-8%) from the previous week. Wednesday’s closing price of $58.21/b is the lowest since April 2021. During that time, Florida’s average gas price was around $2.85 per gallon.
Visit GasPrices.AAA.com to view state and local average gas prices
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.25), Naples ($3.19), Gainesville ($3.18)
- Least expensive metro markets – Crestview-Fort Walton Beach ($2.74), Pensacola ($2.79), Panama City ($2.80)
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