Gas prices in Florida rose, on average, 11 cents a gallon on Wednesday but they are starting to drop again according to a new report from AAA.
On Sunday, the average gallon of gas in Florida cost $2.52, up from $2.43 at the start of last week. This is almost a quarter more per gallon than at this time last year.
“Florida gas prices increased along-side crude oil and gasoline futures prices last week,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group, on Monday. “Fuel prices rose after weekly supply data showed a dip in crude supplies that was bigger than industry insiders expected. Upward pressure also remained amid renewed optimism over the US-China trade deal and news that OPEC and its allies agreed to cut production at a higher rate than experts expected. Pump prices appear to be trending lower to start the week. The latest wholesale prices suggest a gradual return to the mid-$2.40s for the state average, but volatility remains.”
The West Palm Beach-Boca Raton market had the most expensive gas in Florida at $2.62 a gallon followed by Sebring at $2.57 and Port St. Lucie at $2.56 a gallon.
Pensacola had the least expensive gas in the state at $2.37 a gallon followed by the Crestview-Fort Walton Beach area at $2.42 a gallon and Panama City at $2.45 a gallon.