The latest data released from AAA Auto Club reported that the average price for gas in Florida fell an average of nine cents per gallon last week, from $3.23 per gallon last Sunday to $3.14 per gallon up to Super Bowl Sunday. The drop marked a 10-day streak of declines, falling a total of 13 cents per gallon since February 1.
“Florida gas prices have recently followed a cycle where they decline for about two weeks, then shoot back up again,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “That trend, plus a recent uptick in futures prices, will likely lead to a jump at the pump, possibly as early as Monday afternoon.”
Crude oil and gasoline futures prices logged strong gains last week. The U.S. price for crude oil rose nearly $5 per barrel last week (+6%). Gasoline futures rose nearly 20 cents per gallon. The increases were attributed to reduced refinery activity, as refineries begin scheduled seasonal maintenance and prepare to switch from winter to summer blend gasoline.
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.34), Naples, ($3.24), Fort Lauderdale ($3.22)
- Least expensive metro markets – Panama City ($2.93), Crestview-Fort Walton Beach ($2.99), Pensacola ($3.04)
