AAA: Despite Bump Last Week, Gas Prices in Florida Should Fall

After rising slightly last week, gas prices in Florida are turning downward again, according to a new report from AAA.

On Sunday, the average gallon of gas in Florida cost $2.39, up two cents from the start of last week but down six cents from the middle of last week. Across the nation, the average gallon of gas cost $2.44 at the start of this week.

“Retail gas prices increased last week, despite fundamentals that suggested a decline,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Fuel supplies are strong, demand is down, and crude and gasoline futures have remained low. However, retailers likely raised prices to offset the cost of new fuel contracts that come with a new month. Despite the initial bump, pump prices are falling again, and could reach the low $2.30s in the coming weeks.”

West Palm Beach-Boca Raton had the most expensive gas in the state at $2.52 a gallon followed by Miami at $2.45 a gallon and Gainesville at $2.44 a gallon.

Pensacola had the least expensive gas in the state with an average of $2.30 a gallon in that market followed by the Crestview-Fort Walton Beach area at $2.32 a gallon and Punta Gorda at $2.33 a gallon.

 

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