After an abrupt hike last week, gas prices in Florida are starting to drop again, a new study from AAA shows.
AAA released a report on Monday showing the average gallon of gas in Florida cost $2.59 a gallon on Sunday, up two cents from last Sunday but a drop of three cents from the middle of last week. Prices in the Sunshine State remain considerably below the national average which stood at $2.75 a gallon on Sunday. At this time last year, drivers in Florida were paying 22 cents more a gallon.
Mark Jenkins, a spokesman for AAA and the Auto Club Group, weighed in on the prices in Florida on Monday and predicted lower prices ahead.
“Florida gas prices inexplicably increased last week, despite falling fundamentals like oil and wholesale prices, which would normally lead to lower prices at the pump,” said Jenkins. “Despite last week’s abrupt price hike, Florida gas prices remain 20 cents less than this year’s highest daily price. Florida’s state average should be heading toward $2.50 per gallon.”
That’s below AAA’s forecast which expects “summer gas prices to average $2.70 per gallon across the U.S. and $2.60 per gallon or lower in Florida.”
Naples and West Palm Beach had the most expensive gas in Florida with prices averaging $2.67 a gallon followed by Miami at $2.64 a gallon.
Pensacola had the least expensive gas in the Sunshine State with prices averaging $2.52 a gallon on Sunday, followed by Punta Gorda at $2.54 a gallon and the Crestview-Fort Walton Beach area at $2.55 a gallon.