AAA: Gas Prices Dropping in Florida But Don’t Expect This to Last

Gas prices continue to drop across Florida but AAA warns that rising oil prices could mean they will be going up in the new year.

AAA released a report on Monday morning showing the average gallon of gas in Florida cost $2.28 a gallon on Sunday, down six cents over the past week, 30 cents lower than a month ago and 13 cents lower than this time last year.

Prices at the pump in Florida remain considerably lower than the national average which stood at $2.42 a gallon on Sunday, a drop of five cents over the past week. In the past two months, gas prices across the nation have dropped, on average, 49 cents a gallon.

In the past two months, gas prices in Florida have dropped 54 cents.

Still, AAA warned that prices did not show much movement over the weekend as oil prices started to increase.

“The plunge at the pump could soon come to an end,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Pump prices are close to catching up with the recent crude price plunge. However, oil prices are beginning to increase, after OPEC announced a production cut agreement on Friday. Regardless, drivers should continue to enjoy low gas prices through the end of the year, unless oil prices suddenly spike.”

Panama City, which was hit by Hurricane Michael in October, continues to have the most expensive gas in the state with prices standing at $2.66 a gallon there on Sunday followed by Miami at $2.51  a gallon and the Crestview-Fort Walton Beach market at $2.47 a gallon.

The Tampa Bay market had the least expensive gas in the state with prices standing at $2.13 a gallon on Sunday followed by  Orlando and Jacksonville where prices stood at $2.14 a gallon on Sunday.

 

Kevin Derby can be reached at Kevin.Derby@floridadaily.com.

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