Gas prices ease after hitting four-year high

Posted 5/11/26

Florida gas prices are edging lower after climbing to their highest level in nearly four years last week.

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Gas prices ease after hitting four-year high

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Florida gas prices are edging lower after climbing to their highest level in nearly four years last week.

The state average jumped 20 cents per gallon, peaking at $4.50 on Thursday, May 7. That marked the highest daily average since July 2022. The increase followed sharp gains in the futures market over the previous two weeks, including a 21% rise in oil prices and a 59-cent jump in wholesale gasoline.

Prices began to ease through the weekend. The state average fell 9 cents, bringing Sunday’s price to $4.43 per gallon. That is 10 cents more than a week ago, 34 cents more than a month ago, and $1.48 more than this time last year. Visit GasPrices.AAA.com to view state and local gas price averages.

Market conditions shifted late last week on renewed optimism around U.S.-Iran negotiations. Reports that talks could lead to a gradual reopening of the Straight of Hormuz helped push prices down 6%. Those declines can directly affect pump prices, since about half of gasoline’s price is determined by oil prices.

“The fuel market remains headline-driven and extremely volatile, making it difficult to predict what drivers will pay at the pump this summer,” said Mark Jenkins, spokesman for AAA - The Auto Club Group.

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

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($4.58), Naples ($4.52), Gainesville ($4.51)
  • Least expensive metro markets – Pensacola ($4.12), Crestview-Fort Walton Beach ($4.15), Panama City ($4.17)

How to Conserve Gasoline

  • Combine errands to limit driving time.
  • Drive conservatively. Avoid aggressive acceleration and speeding. This reduces fuel economy.
  • Remove excess weight in your vehicle. Every 100 pounds can lower fuel economy by 1-2 percent.
  • Shop around for the best gas prices in your community by using the AAA mobile app.
  • Pay with cash. Some retailers charge more per gallon for customers who pay with a credit card.

AAA Resources for Drivers

  • Find the lowest gas prices in your area by using the free AAA mobile app.
  • Determine fuel costs for your trip by using the AAA's Gas Cost Calculator.
  • 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 on each additional trip to the pump. Click here for more information.
  • Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.

AAA GAS PRICE AVERAGES

(Price per gallon of regular unleaded gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

National

$4.522 $4.530 $4.446 $4.153 $3.319

Florida

$4.427 $4.457 $4.342 $4.092 $2.946

Georgia

$4.058 $4.047 $3.851 $3.734 $2.890

     View current gasoline price averages

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