JACKSONVILLE, Fla. – After setting a record, gas prices are going down.
Florida gas prices averaged $4.82 per gallon on Sunday, AAA reports. The state average declined 7 cents last week, after reaching an all-time high of $4.89 per gallon.
The national average price for regular unleaded is once again back below $5 a gallon. For now, it looks like the state average won’t make it that high.
Related: Let us know: Have you made financial sacrifices due to high gas prices?
“Florida drivers are finally catching a break after several weeks of rising gas prices,” said Mark Jenkins, spokesman, AAA - The Auto Club Group.
Gas prices are following oil and gasoline futures prices, which suffered significant losses last week.
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“If this downward trend holds, gas price drops could accelerate, moving the state average back around $4.50 per gallon,” Jenkins continued. “But this fuel market remains extremely unstable, and things can change very quickly. It’s looking less likely that the state average will surpass $5 a gallon, but the driving season is young.”
The U.S. price of oil dropped 9% last week. Friday’s settlement of $109.56 per barrel is $11.11/b less than the week before. Gasoline futures lost 38 cents on the week, for a combined 2-week loss of 46 cents.
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($4.97), Fort Lauderdale ($4.88), Gainesville ($4.88)
- Least expensive metro markets – Crestview-Fort Walton Beach ($4.63), Pensacola ($4.65), Panama City ($4.69)
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.
AAA Resources for Drivers
- Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
- Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
- Find the lowest gas prices in your area by using the free AAA mobile app.
- Determine anticipated fuel costs for your trip by using the AAA’s Gas Cost Calculator.
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here