AAA: Florida is Seeing Lower Gas Prices at the Start of February

Gas prices continue to drop in the Sunshine State according to a new report from AAA.

The report shows the average gallon of gas in Florida cost $2.37 on Sunday, seven cents lower from the start of last week and 10 cents lower than the national average. Over the past two and a half weeks, the price of the average gallon of gas in Florida dropped 18 cents.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, said he expected prices to drop even further across the state in the days to come.

“The state average should trend even lower this week, as strong gasoline supplies continue to outpace low winter fuel demand,” said Jenkins. “In addition to those seasonal factors, it now appears that the coronavirus is heaping even more downward pressure on fuel prices. Marketwatchers are concerned that the mysterious virus could lead to even less global fuel demand. The growing concerns led to lower crude prices last week, which lowers the cost of producing gasoline. If current wholesale gasoline prices hold, the state average could approach $2.30 per gallon by the end of the week.”

The West Palm Beach-Boca Raton area had the most expensive gas in Florida with an average of $2.53 a gallon followed by Miami at $2.47 and the Sebastian-Vero Beach market at $2.45.

Punta Gorda had the least expensive gas in Florida with an average of $2.27 a gallon followed by the Tampa-St. Petersburg-Clearwater market at $2.28 and Pensacola at $2.30.

 

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