AAA released a report on Sunday showing gas prices continue to remain stable in Florida.
On Sunday, the average gallon of gas in Florida cost $2.10, a penny lower than at the start of last week. The national average stood at $2.20 on Sunday.
“Florida drivers are paying the lowest July gas prices in 16 years,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “COVID-19 continues to have a limiting impact on prices at the pump. Gasoline demand remains below pre-pandemic levels. Drivers who are hitting the road are paying 54 cents per gallon less than this time last year.”
“Crude oil prices – a key influencer in the direction of gas prices – have been unable to build any solid upward momentum this summer. The price of U.S. crude oil has danced around the $40 per barrel for the past four weeks. The International Energy Agency suggests global demand has rebounded faster than previously thought, but analysts remain cautious about rising cases of the coronavirus in the United States, and what long terms effects that could have on supply and demand,” AAA noted.
The West Palm Beach-Boca Raton area had the most expensive gas in the state at $2.20 a gallon followed by Gainesville and Tallahassee at $2.15 a gallon.
Punta Gorda had the least expensive gas in the state at $2.04 a gallon followed by the Fort Myers-Cape Coral area and Orlando at $2.07 a gallon.