Report: Florida Gas Prices Fall to Lowest Average in Four Months

Gas prices remain well above $3.00, but Florida drivers experienced some relief at the pump during the past week as gas prices fell to their lowest average since mid-February. According to the latest data from AAA – The Auto Club Group,  the state average was $3.25 per gallon as of Father’s Day, June 16. That’s 5 cents less than a week ago, 25 cents less than last month, and 19 cents less than one year ago.

“Summertime road trips have become less expensive thanks to falling crude oil and gasoline futures prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, oil prices did regain some strength last week, which could cause the plunge at the pump to stall.”

According to AAA, the U.S. price for crude oil rose nearly $3 per barrel (4%) last week. Oil analysts attribute the gains to expectations that voluntary production cuts, agreed to by OPEC and its allies, would contribute to tightness in the oil market during the summer driving season. Gas prices also received some upward pressure on strong implied demand numbers, in a weekly report released by the Energy Information Administration.    

Regional Prices

• Most expensive metro markets – West Palm Beach-Boca Raton ($3.45), Naples ($3.34), Miami ($3.33)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.05), Pensacola ($3.07), Panama City ($3.07)

  

In this article:Business News, Gas Prices