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Gas Prices Plunge to 4-Month Lows; More Discounts Expected

Pump prices are 15 cents less than the average price on Election Day 2016

Florida gas prices sank to their lowest level since June. The state average dropped 4 cents last week to an average price of $2.05 per gallon. Gas prices are on a 29-day streak of declines, and It appears that trend will continue this week.

Crude oil prices are tumbling - dropping 10% last week and another 3% overnight. The market is concerned that global fuel demand will continue to struggle thanks to rising COVID-19 cases both domestic and abroad.

"It could cost even less to drive to the polls this Tuesday," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Although drivers in some metro areas are already paying sub-$2 gas prices, the latest round of crude prices drops should deliver additional discounts and drag the state average under $2 - for the first time since early June. Based on the latest wholesale gasoline prices, it's possible the state average could eventually fall to $1.90 per gallon."

Florida gas prices are currently averaging $2.05 per gallon. The state average is 41 cents less than this time last year, and 15 cents less than what drivers paid on Election Day 2016.

Lowest October Gas Prices in 16 Years

Florida drivers found the lowest gas prices for the month of October in 16 years. The monthly average was $2.13 per gallon, which is 32 cents less than October 2019 and 64 cents less than what drivers paid in October 2018.

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($2.18), Panama City ($2.12), Naples ($2.11)
  • Least expensive metro markets – Punta Gorda ($1.94), Orlando ($1.98), Tampa-St. Petersburg-Clearwater ($1.99)

Find Florida Gas Prices

(Price per gallon of regular unleaded gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago Record High
National $2.131 $2.136 $2.162 $2.191 $2.614 $4.11 (7/17/2008)
Florida $2.046 $2.051 $2.080 $2.181 $2.462 $4.08 (7/17/2008)
Georgia $1.957 $1.961 $1.985 $2.003 $2.432 $4.16 (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 AAA - The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 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 60 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.