12
August
2023
|
17:00 PM
America/Chicago

Florida Gas Prices Retreat from 2023 Highs

Pump prices could rebound as refiners continue to struggle with extreme temperatures

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Florida gas prices are retreating from 2023 highs. A little more than a week ago, the state average reached $3.84 per gallon - the most expensive state average since August 2022. The state average has since declined 9-consecutive days, falling a total of 10 cents per gallon, during that time.

Sunday's state average was $3.74 per gallon. That's the lowest daily average price since July 31. Despite the recent drop, Florida drivers are paying 8 cents more than this time last year.

"Florida drivers are likely relieved to see gas prices move lower again, but that downward trend may not last long," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Last week, gasoline futures prices rebounded to the same levels that led to the 2023-highs we saw earlier this month. Since it can sometimes take a week or two before changes in the futures market hits the retail side, drivers could see gas prices move higher early this week or next."

Our partners at OPIS say gasoline futures rose as a number of refiners continue to grapple with hot weather, reducing petroleum output at a time when the country is seeing a late summer demand surge. Extreme heat can cause complications for refiners in the form of equipment failures, in addition to regional electrical outages and severe weather.

"It's not uncommon to see gas prices fluctuate during the summer months," Jenkins continued. "The long term forecast is unclear, as hurricane season remains a major wild card. Gas prices could spike if a hurricane threatens refineries along the Texas, Louisiana and Mississippi coastlines."

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.91), Naples ($3.88), Gainesville ($3.83)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($3.54), Panama City ($3.57), Pensacola ($3.57)

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

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

Sunday Saturday Week Ago Month Ago One Year Ago
National $3.848 $3.846 $3.829 $3.555 $3.965
Florida $3.738 $3.749 $3.828 $3.446 $3.660
Georgia $3.637 $3.639 $3.661 $3.283 $3.527
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, the province of Quebec 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 62 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.