With Thanksgiving now in the rear view mirror and Christmas around the corner, Floridians are seeing the lowest gas prices of the year.
AAA released a study on Monday which shows lower crude oil prices are impacting prices at the pump. On Sunday, the average gallon of gas in Florida cost $2.43 a gallon, a drop of seven cents from a week ago and the lowest it has been since last December. In the past seven weeks, the price of the average gallon of gas in the Sunshine State has dropped 39 cents.
The national average stood at $2.56 a gallon on Sunday, seven cents lower than a week ago and the lowest it has been since March.
Mark Jenkins, a spokesman for AAA and the Auto Club Group, said he expected prices to drop into December.
“Last week’s plunge in crude prices adds even more weight to what was already strong downward pressure on prices at the pump,” said Jenkina “Florida motorists should see gas prices drop another 5-15 cents as a direct result of the recent crude drop. These falling prices are mostly due to record crude production rates from the U.S., Russia and Saudi Arabia. Unless the oil market quickly recovers, these low gas prices should hang around through the end of the year.”
As the Panhandle continues to recover from Hurricane Michael, Panama City easily had the most expensive gas in Florida with the market seeing the average gallon of gas costing $2.79 followed by the Crestview-Fort Walton Beach and Miami markets which saw prices at $2.62 a gallon.
The Tampa Bay area had the least expensive gas in Florida with prices averaging $2.25 a gallon followed by Orlando at $2.27 a gallon and Punta Gorda at $2.29 a gallon.
Kevin Derby can be reached at Kevin.Derby@floridadaily.com.