AAA: Gas Prices Holding Steady in Florida

AAA released a report on Sunday showing gas prices did not move much in the Sunshine State.

On Sunday, the average gallon of gas in Florida cost $2.84, down a penny from the start of last week. That’s slightly below the national average of $2.87 a gallon.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, noted that Florida has seen prices at the pump dropping in recent weeks even as gas prices continue to remain higher than what Floridians have seen in the past year and a half, including almost a dollar more per gallon than this time last year.

“The downward trend at the pump appears to have stalled out for now,” Jenkins said. “It’s possible that strong springtime gasoline demand is helping to keep a floor on falling prices. However, current fundamentals point toward additional declines in the near future. Retail prices have not fully adjusted to recent drops in the wholesale price of gasoline. Meanwhile, market speculators remain worried about global demand, amid reports of lockdowns in Europe and surging cases of COVID-19 in Brazil and India.”

The West Palm Beach-Boca Raton area had the most expensive gas in the state with an average of $2.97 a gallon followed by Tallahassee and Miami at $2.90 a gallon.

Punta Gorda had the least expensive gas in the state with an average of $2.73 a gallon followed by the Villages at $2.77 a gallon and Ocala at $2.79 a gallon.

 

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