JACKSONVILLE, Fla. – Florida gas prices dropped 11 cents per gallon last week, according to AAA.
On Sunday, the state average was $3.28 per gallon. That’s the lowest daily average price since the state’s gas tax holiday was in effect on October 31, AAA reports.
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“Florida gas prices have plunged 30 cents in the past three weeks, due to low oil prices and strong gasoline supplies,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “The downward momentum should continue this week. Unless fundamentals change, the state average could drift below $3.20 per gallon by next weekend.”
The U.S. price of crude oil increased 5% last week. Friday’s daily settlement of $79.98 per barrel is $3.70/b more than the week before. Despite the uptick, the price of crude remains 15% below the price three weeks ago, when gas prices began their 3-week descent.
COVID-19 lockdowns in China have kept strong downward pressure on oil prices, amid concerns that the lockdowns would reduce global fuel demand.
Ways to Save on Gasoline
- Combine errands to limit driving time.
- Shop around for the best gas prices in your community.
- Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
- Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
- Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here