Florida gas prices fall to the lowest since January

The state average dropped 5 cents last week

Posted 9/16/24

Florida gas prices continue their downward march in response to falling oil prices.

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Florida gas prices fall to the lowest since January

The state average dropped 5 cents last week

Posted

TAMPAFlorida gas prices continue their downward march in response to falling oil prices. On Sunday, Florida's average price was $3.11 per gallon. That's the lowest daily average price since January 23, 2024. The lowest state average price of 2024 was $2.988 on January 22. 

"It has been 237 days since Florida gas prices were below $3 a gallon, but that streak could come to an end soon," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Oil prices suffered big losses in recent weeks, due to global economic concerns and the belief that global fuel supplies could begin to outpace demand. This could enable the state average to fall below $3 a gallon before October."

Visit GasPrices.AAA.com to view state and local average prices.

More than a quarter of Florida gas stations already have pump prices below $3 a gallon. The lowest 10% of unleaded gasoline prices averaged $2.82 per gallon. The highest 10% of regular unleaded gas prices averaged $3.47 per gallon.

Last week, the U.S. price of crude slipped to $65.75/b, which is the lowest since December 2021. However, by Friday, oil was up to $68.65/b, due to concerns about Hurricane Francine. Despite that increase, oil remains well below what we've at any time this year prior to September.  

The price of crude oil influences about half of the price of gasoline. In April, Florida gas prices reached their 2024 high of $3.64 per gallon. At that same time, the U.S. price of oil was $86.91 per barrel. Last Friday, the price of crude settled at $68.65/b. As a rule of thumb, a dollar shift in crude, is equivalent to about a 2.5 cent move in gas prices. 

Visit GasPrices.AAA.com to view state and local average gas prices

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.29), Naples ($3.23), Gainesville ($3.21)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($2.79), Pensacola ($2.84), Panama City ($2.86)

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

AAA GAS PRICE AVERAGES
(Price per gallon of regular unleaded gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago
National $3.209 $3.217 $3.273 $3.442 $3.866
Florida $3.108 $3.127 $3.164 $3.375 $3.635
Georgia $2.971 $2.980 $3.066 $3.245 $3.448
Click here to view current gasoline price averages


Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About AAA - The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 million members across 14 U.S. states and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 64 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.

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