Florida Enjoyed Low Memorial Day Weekend Gas Prices Even as They Continue to Rise

AAA released a report on Tuesday which found that drivers across the Sunshine State paid an average of $1.88 a gallon for gas over the Memorial Day weekend–the lowest prices in 17 years for the unofficial kickoff for summer.

Still, after increasing 11 cents a gallon in the past week, AAA warned that gas prices should increase across Florida in the days to come. At $1.88 a gallon, Florida is still seeing lower prices than the national average which stood at $1.96 at the start of the week.

“Pump prices have been suppressed since February, due to COVID-19’s limiting effects on gasoline demand. Since that time, the state average declined a total of 66 cents per gallon, bottoming out at $1.76 on May 6. But now with more Floridians on the road, pump prices are beginning to bounce back,” AAA noted. “As Florida reopens, gasoline demand is improving. Since sinking to a 75 percent deficit, gasoline demand in Florida is now down only 10-20 percent from a year ago.”

“Gas prices are back on the rise now that Floridians are driving more, but it’s unclear how high they’ll go,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group, on Tuesday. “While additional price increases are possible in the coming weeks, drivers are currently in line for the cheapest summer at the pump in 15 years.”

The West Palm Beach-Boca Raton area had the most expensive gas in the state at $2.00 a gallon followed by Gainesville at $1.95 a gallon and Fort Lauderdale at $1.91 a gallon.

Pensacola had the least expensive gas in the state at the start of this week at $1.80 a gallon followed by the Crestview-Fort Walton Beach market at $1.83 a gallon and Panama City at $1.84 a gallon.

 

Reach Kevin Derby at kevin.derby@floridadaily.com.

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