Gas prices in Florida have dropped every day for three weeks, lowering the cost of the average gallon of gas by 11 cents.
"It’s still a little early to know what, if any, impacts Hurricane Delta will have on gas prices in Florida," said Mark Jenkins, a spokesman for AAA and the Auto Club Group. "For now, wholesale gasoline prices are at a level that could allow pump prices to drop another five cents in the short term. However, prices in the coming weeks will likely be swayed by news coming out of the Gulf Coast, as crews assess any storm damage to refineries and pipelines."
“Nearly half of the refining capacity in the United States is located along the Gulf of Mexico, predominantly along the Texas and Louisiana coastlines. Hurricane Marco and Tropical Storm Laura are both forecast to make landfall in Louisiana in the coming days. Nearly a dozen oil refineries near New Orleans are in the hurricane warning area,” AAA noted.
AAA released a report showing the week began with the average gallon of gas in Florida costing $2.16, up ten cents from the start of last week, and the highest it has been in 20 weeks. That’s just under the national average of $2.18 a gallon.
On Monday, U.S. Rep. Darren Soto, D-Fla., led members of the Florida congressional delegation in sending a letter to the U.S. Department of the Interior (DOI) to request clarification on plans to open Florida’s coasts to new oil and gas leasing.
"It took almost the entire month, but gas prices are finally beginning to follow a more traditional trend of declining in January," said Mark Jenkins, a spokesman for AAA and the Auto Club Group. "With the holiday travel season in the rear view and temperatures turning colder, Americans are not driving as much as they did a month ago. The lower demand has allowed gasoline stocks to swell.
Overnight, President Trump authorized the release of oil from the Strategic Petroleum Reserve in an effort to balance the market,” AAA noted.
“State officials say most - if not all - Florida gas stations have gasoline again. Late last week, Floridians swarmed the pumps, topping off their tanks and filling gas cans in preparation for Hurricane Dorian. The surge in demand left many gas stations on empty, but it appears things have stabilized,” AAA noted on Tuesday morning.
With Tropical Storm Gordon looming in the Gulf, gas prices are on the rise in the Sunshine State. AAA released a report on Tuesday morning which showed that gas prices averaged $2.80 a gallon on...