Florida gas prices are falling fast after a big drop in the crude oil market.
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TAMPA — Florida gas prices are falling fast after a big drop in the crude oil market. The week of Sept. 1, the U.S. price for a barrel of oil fell to the lowest level since June 2023. The crude price plunge has reportedly been driven by concerns about both the U.S. and international economies, and the belief that global oil supplies could outpace global fuel demand by the end of the year.
“Declining oil prices lowers the cost of producing gasoline,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “Unless oil prices reverse course, gas prices should move even lower. Currently about 23% of Florida retailers have prices below $3 a gallon. That number is likely to grow this week.”
On Sunday, Sept. 8, Florida gas prices averaged $3.16 per gallon. That’s the lowest daily average price since February 12, 2024. Sunday’s state average is 15 cents less than last week, 24 cents less than last month, and 47 cents less than this time last year. The highest price so far this year was $3.64 per gallon. The all-time high was $4.89 per gallon - recorded in June 2022.
On Friday, Sept. 6, domestic oil prices settled at $67.67 per barrel. That’s almost $6 per barrel (-8%) less than last week. Oil prices had been trading at more than $80 per barrel just one month ago.
Visit GasPrices.AAA.com to view state and local average gas prices
Regional Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.35), Naples ($3.33), Gainesville ($3.29)
• Least expensive metro markets – Crestview-Fort Walton Beach ($2.88), Pensacola ($2.95), Panama City ($2.95)
Ways to Save on Gasoline
• Combine errands to limit driving time.
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
AAA Gas Price Averages
Click here to view current gasoline price averages