AAA: Prices at the Pump Drop Sharply in Florida as Gas Tax Holiday Begins

AAA released a study on Sunday that shows the gas tax holiday in Florida is dramatically impacting prices at the pump.

On Sunday, the average gallon of gas in Florida cost $3.26, down from $3.38 at the start of last week and well under the national average of $3.80 a gallon. This is the lowest average price of gasoline in Florida since January.

“Florida drivers began to see sharp drops in prices at the pump over the weekend. The state’s Florida Motor Fuel Tax Relief Act of 2022 went into effect on October 1st. This suspends the state’s 25.3 cent tax on each gallon of gasoline through the rest of October,” AAA noted.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, weighed in on the impact of the tax holiday on Sunday.

“This gas tax builds on the previous downward pressure on pump prices, stemming from global recession concerns and underwhelming fuel demand,” said Jenkins. “Prices are now beginning to dip below $3 a gallon at various gas stations in the state. While everyone might not be so lucky to see sub-$3 gasoline, all Floridians should expect a sizeable discount this week.”

The West Palm Beach-Boca Raton area had the most expensive gas in the state with an average of $3.47 a gallon followed by Miami at $3.32 a gallon and Gainesville at $3.31 a gallon.

The Crestview-Fort Walton Beach area had the least expensive gas in the state with an average of $3.06 a gallon, followed by Pensacola at $3.07 a gallon and Panama City at $3.15 a gallon.

Kevin Derby
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