Mark Jenkins, a spokesman for AAA and the Auto Club Group, noted that Florida has seen prices at the pump dropping in recent weeks even as gas prices continue to remain higher than what Floridians have seen in the past year and a half, including almost a dollar more per gallon than this time last year.
"Florida drivers are getting a welcome break from rising prices at the pump," said Mark Jenkins, a spokesman for AAA and the Auto Club Group. "Prices are declining now that refineries have mostly recovered from the power outages in mid-February, which resulted in reduced gasoline supplies.
"Although the fuel market remains optimistic about the long term recovery of fuel demand, thanks to the coronavirus vaccine; the shot term future of prices at the pump will likely continue to be hampered by reports of rising cases of COVID-19," Jenkins said.
"Fuel prices have been pressured higher by optimism surrounding a new stimulus package and Covid-19 vaccine news. These are two big pieces in the puzzle for long term improvement in fuel demand, which has been heavily hampered by the pandemic."
"It was a relatively uneventful week in the fuel market. Oil prices held relatively steady, but that could change this week," said Mark Jenkins, a spokesman, AAA and the Auto Club Group.
"Gas prices are on the rise due to growing optimism that the US could pass a stimulus package, and about how a COVID-19 vaccine could eventually help improve global fuel demand in 2021," said Mark Jenkins, a spokesman for AAA and the Auto Club Group. "Pump prices appear to be leveling out for now, but will seek direction from the fuel market this week."
“Florida gas prices averaged $2.03 per gallon on Thanksgiving Day. That was 40 cents less than the year before and the lowest since 2008, when pump prices averaged $1.91 per gallon,” AAA noted.
"Drivers are likely to find the lowest Thanksgiving gas prices in 12 years," said Mark Jenkins, a spokesman for AAA and the Auto Club Group. "Gas prices are inching higher, due to vaccine news, but reports of rising cases of coronavirus should prevent any significant gains at the pump."
On Sunday, AAA released a study showing the average gallon of gas in the Sunshine State cost $1.99, down a penny from the start of last week. Across the nation, the average gallon of gas cost $2.13 on Sunday.
"Demand concerns - related to surging cases of COVID-19 - continue to weigh on the global fuel market, leading to lower prices at the pump," said Mark Jenkins, a spokesman for AAA and the Auto Club Group.