Gas prices in Florida have steadied after rising during the busy Thanksgiving travel week.
AAA released a study on Monday showing the average gallon of gas in Florida cost $2.43 on Sunday, up seven cents from the start of last week. The national average stood at $2.59 a gallon on Sunday.
“Despite the increase, travelers still found the lowest Thanksgiving gas prices in three years,” said Mark Jenkins, a spokesman for AAA and the Auto Club Group. “Pump prices should point lower this week, based on what happened in the crude oil market, Friday. The price of crude plummeted $3 per barrel, due to ongoing tensions between the U.S. and China, and concerns that OPEC production cuts for 2020 will be unable to balance global supply and demand. Unless the energy market bounces back this week, drivers should notice a 5-10 cent drop at the pump in the next week or two.”
The West Palm Beach market had the most expensive gas in Florida with prices averaging $2.55 a gallon followed by Tallahassee at $2.48 a gallon and Panama City at $2.47 a gallon.
The Jacksonville and Pensacola areas had the least expensive gas in the state at $2.39 a gallon followed by the Tampa-St. Petersburg-Clearwater area at $2.40 a gallon.