Oil prices remain high, yet prices at the pump are falling fast. Florida’s average price for gasoline dropped 10 cents last week.
The state average has now declined 20 cents per gallon through the past two weeks. Sunday’s state average was $3.49 per gallon. That’s the lowest daily average price since late July.
“Gas prices are moving lower, even as the price of oil remains near 2023 highs,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Now that the summer driving season is over, gasoline demand has declined, but gasoline production is stronger than a year ago. Gasoline futures logged a second-consecutive 18-cent drop, which should signal another round of falling prices at the pump this week.”
The price of oil settled at $90.79 per barrel. That was 1% more than the week before.
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.70), Naples ($3.65), Port St. Lucie ($3.60)
- Least expensive metro markets – Pensacola ($3.33), Crestview-Fort Walton Beach ($3.36), Melbourne-Titusville ($3.39)
Android Users, Click To Download The Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter. Signup for our free newsletter.
We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps