AAA: Gas Prices in Florida Stable at the Start of May

AAA released a study on Sunday showing gas prices in the Sunshine State dipped slightly this week but warned that prices could soon rise.

The average gallon of gas in Florida cost $2.78 on Sunday, a penny lower than the start of last week and below the national average of $2.90 a gallon.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, weighed in on gas prices on Sunday, warning prices could soon increase.

“Gas prices have mostly declined for six consecutive weeks, as refinery activity recovered from power outages earlier this year,” said Jenkins. “That downward trend is now in jeopardy. Crude and gasoline futures prices rebounded last week, after positive U.S. economic data increased market optimism about summer demand.”

“The price of crude increased 2 percent last week,” AAA noted. “Meanwhile, gasoline futures increased to the highest price in a month in a half. These gains came after the U.S. reported that first-quarter GDP shot up 6.4 percent in the first quarter, and weekly jobless claims reached a pandemic-era low. All this in addition to the continued rollout of COVID-19 vaccines nationwide.”

The West Palm Beach-Boca Raton area had the most expensive gas in the state with an average of $2.93 a gallon followed by Tallahassee at $2.92 a gallon and Panama City at $2.90 a gallon.

Punta Gorda had the least expensive gas in the state at $2.67 a gallon followed by Orlando at $2.70 a gallon and the Tampa-St. Petersburg-Clearwater area at $2.71 a gallon.

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