Gas Prices in Florida Remain Low as Pandemic Continues to Impact Fuel Demand

Gas prices across Florida dropped slightly in the past week, a new study from AAA shows.

At the start of this week, the average gallon of gas in Florida cost $2.13, down from $2.16 at the start of last week even as the national average stood at $2.18 a gallon.

“Florida drivers continue to enjoy unusually low gas prices for this time of year,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “The cost for a full tank of gas is about $5 less than it was this time last year. The pandemic’s effect on fuel demand continues to weigh on crude oil and wholesale gasoline prices, preventing any monumental gains. Low oil prices make it cheaper to produce and sell gasoline.”

“The price for a barrel of US crude oil settled at $41.22, Friday on the NYMEX. Crude prices have held close to the $41 range for the past six weeks. This time last year, the price of crude was around $54 per barrel, the difference of about 30 percent from what crude is now,” AAA noted.

The West Palm Beach-Boca Raton area had the most expensive gas in Florida with an average of $2.23 a gallon followed by Gainesville at $2.16 a gallon and Fort Lauderdale at $2.15 a gallon.

Punta Gorda had the least expensive gas in the Sunshine State with an average of $2.05 a gallon followed by the Crestview-Fort Walton Beach area and Pensacola which both saw an average of $2.08 a gallon.

 

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