17
December
2022
|
17:00 PM
America/Chicago

Gas Price Plunge Continues as 5.8 Million Floridians Prepare for a Holiday Road Trip

The state average has now declined five consecutive weeks, falling a total of 54 cents per gallon since mid-November

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Click here to view gas price sound bites

Florida gas prices dropped 12 cents per gallon last week. The state average has now declined five consecutive weeks, falling a total of 54 cents per gallon since mid-November.

On Sunday, Florida gas prices averaged $3.04 per gallon. That's the lowest daily average price since September 2021. Visit GasPrices.AAA.com to view daily average prices.

These low gas prices are an early gift for drivers, especially the 5.8 million Floridians who are forecast to take a year-end holiday road trip. Sunday's state average is almost 20 cents per gallon less than what travelers paid at the pump last Christmas ($3.23).

"The plunge at the pump is the result of falling oil prices, which have plummeted primarily due to market concerns about a global economic recession," said Mark Jenkins, Public Relations Manager, AAA - The Auto Club Group. "Lower oil prices lowers the cost of producing gasoline. These low gas prices should hang around through the end of the year, unless oil prices unexpectedly rebound."

Before the downturn in pump prices, the price of oil settled at $92.61 per barrel on November 4th. Since that time, oil declined by as much as 23%. Last week, the price of crude increased 5%. Friday's daily settlement of $74.29 per barrel is $3.27 per barrel more than the week before. While that could slow the rate of falling prices at the pump, it's unlikely to be enough to cause a significant increase.

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.26), Gainesville ($3.18), Miami ($3.17)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($2.78), Pensacola ($2.82), Panama City ($2.85)

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 $3.149 $3.159 $3.277 $3.707 $3.309
Florida $3.040 $3.051 $3.163 $3.496 $3.233
Georgia $2.781 $2.791 $2.887 $3.141 $3.129
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.