Gas prices in the Sunshine State dropped last week as 5.4 million Floridians prepare to hit the roads for the holidays, a new report from AAA found.
The average gallon of gas in Florida cost $3.23 on Sunday, down 3.5 cents from the start of last week. Across the nation, the average gallon of gas cost $3.31 on Sunday.
The state average has declined 12 cents per gallon since Thanksgiving, down from the 2021 high of $3.36 per gallon on November 20th.
Gas prices are still slowly adjusting to the recent drop in crude oil prices. The price of U.S. oil plummeted 13 percent on Black Friday on concerns about how the Omicron variant could limit global mobility. Oil prices appeared ready to stage a comeback last week, but lost momentum by week’s end. Friday’s settlement of $70.86 per barrel is 1 percent less than a week ago, 10 percent less than the price before Thanksgiving, and 16 percent below the November high of $84.15 a barrel.
“Holiday travelers are getting the gift of falling prices at the pump, though these prices surely aren’t falling as fast as many would like,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Travelers are poised to pay about a dollar per gallon more than they did last year. Even still, after many decided to stay home and play it safe last year, it appears that higher gas prices will not be a big deterrent. AAA forecasts a strong 28 percent rebound in road trips compared to last year.”
The West Palm Beach-Boca Raton area had the most expensive gas in the state with an average of $3.42 a gallon followed by Naples at $3.30 a gallon and Fort Lauderdale at $3.29 a gallon.
The Crestview-Fort Walton Beach area had the least expensive gas in the state at $3.09 a gallon followed by Punta Gorda and the Villages at $3.12 a gallon.