AAA: Florida gas prices rebound from multi-month lows

Posted 6/24/24

Florida gas prices have rebounded after sinking to multi-month lows.

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AAA: Florida gas prices rebound from multi-month lows

Posted

TAMPA — Florida gas prices have rebounded after sinking to multi-month lows. The state average rose 15 cents last week, then declined two pennies over the weekend.

The state average Sunday, June 23 was $3.35 per gallon. That’s 10 cents more than a week ago. The price hike ended a 26-day streak of declines, which delivered a 33 cent discount. The state average eventually fell to $3.23 per gallon on Tuesday, June 18 - which was the lowest daily average price since mid-February.

“Oil and gasoline futures prices rose the past two consecutive weeks, which raised the cost of producing gasoline,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “Futures prices reportedly increased on data that fuel demand is outpacing fuel inventories. Price fluctuations like this is very common during the summer travel season.”

The U.S. price for crude was back above $80 per barrel, after trading in the mid to low 70s during the past few weeks. Friday’s closing price of $80.73 per barrel is 7% more expensive than two weeks ago.

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

Regional Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.53), Gainesville ($3.41), Naples ($3.41)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.11), Pensacola ($3.11), Panama City ($3.11)

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

Click here to view current gasoline price averages

gas, prices, fuel, gasoline, average, AAA

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