Gas Price Brief - July 23, 2018
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NEWS RELEASE MEDIA CONTACTS: Florida Georgia Tennessee |
U.S. AVERAGE PRICE (Per Gallon) |
GAS PRICES TRICKLE LOWER
TAMPA, Fla. (July 23, 2018) — Gas prices declined for the ninth consecutive day on Sunday. Gas prices in Florida dropped 5 cents during the past week. The average price for gasoline in Florida is averaging $2.75 per gallon. Sunday's state average is 3.5 cents more than a month ago, 55 cents more than this time last year.
| Average Summer Gas Prices | |||||
| 2014 | 2015 | 2016 | 2017 | Today | |
| National | $3.57 | $2.71 | $2.23 | $2.31 | $2.84 |
| Florida | $3.50 | $2.58 | $2.19 | $2.25 | $2.75 |
| Georgia | $3.48 | $2.57 | $2.11 | $2.18 | $2.70 |
| Tennessee | $3.35 | $2.45 | $2.03 | $2.08 | $2.61 |
Click here to view AAA's state and metro gas price averages
- The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.86), Miami ($2.82), and Crestview-Fort Walton Bech ($2.82)
- The least expensive gas price averages in Florida are in Punta Gorda ($2.66), Tampa-St. Petersburg-Clearwater ($2.70), and Orlando ($2.70)
The national average declined 4 cents during the past week. Sunday's average of $2.84 per gallon is 2 cents less than a month ago, yet remains 56 cents more than last year.
"Oil prices averaged $3-$5 less than the previous three weeks, allowing gas prices to lose value," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Although prices are lower, there is still volatility at the pump as gasoline demand remains high during the summer driving season and global supply concerns persist."
Market prices were mixed last week due to higher oil production and supplies versus lower gasoline stocks in the face of strong demand. The latest supply report from the Energy Information Administration (EIA) showed U.S. crude production finally reached the much-anticipated 11-million-b/d mark. Conversely, gasoline stocks dropped as demand ramped up.
Gas Price Tools
- GasPrices.AAA.com - Daily national, state, and metro gas price averages
- AAA Mobile app - Free app that compares gas prices near you
- Gas Cost Calculator - Determine how much gasoline will cost on your next road trip
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
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Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Highest Price on Record |
| National | $2.843 | $2.846 | $2.879 | $2.863 | $2.283 | $4.114 (7/17/2008) |
| Florida | $2.754 | $2.760 | $2.801 | $2.715 | $2.206 | $4.079 (7/17/2008) |
| Georgia | $2.704 | $2.707 | $2.727 | $2.720 | $2.175 | $4.164 (9/15/2008) |
| Tennessee | $2.610 | $2.613 | $2.629 | $2.616 | $2.052 | $4.118 (9/15/2008) |
| 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 The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.