17:00 PM

Labor Day Gas Prices to Be Lowest in 2 Years

Florida drivers to pay 43 cents per gallon less than last year's holiday weekend

Labor Day is quickly approaching and gas prices for the holiday weekend are lining up to be the lowest in 2-3 years. However, there are still a number of factors could push prices higher before the holiday.

Florida drivers are currently paying an average price of $2.37 at the pump. The state average is 43 cents per gallon less than it was on Labor Day 2018 ($2.80), and 27 cents less than Labor Day 2017 ($2.64).

"Labor Day travelers continue to benefit from lower oil prices this year as they fill-up for their Labor Day road trip," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Strong US oil production rates are holding oil prices about 15% below last year's levels, reducing the cost of producing gasoline. Gas prices should remain low heading into the holiday, unless something threatens fuel supplies like geopolitical tension or a hurricane in the Gulf of Mexico."

Labor Day marks the end of the busy summer travel season, and the last big surge in gasoline demand before the fall. The expectation of strong demand can promote a slight and temporary bump at the pump before the holiday. However, after Labor Day, refineries begin their seasonal switch to winter-blend gasoline. Summer-blend gasoline is more expensive to produce than winter-blend, because the EPA requires more additives in the warmer months of the year. The combination of both lower demand and fuel production costs typically puts downward pressure on pump prices through the end of the year.

Florida gas prices have declined 37 of the past 39 consecutive days, for a total discount of 33 cents per gallon. Sunday's state average of $2.37 is 6 cents less than last week, 25 cents less than a month ago, and 36 cents less than this time last year.

Find Florida Gas Prices

(Price per gallon of regular unleaded gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago

2019 High

2018 High Record High
National $2.593 $2.598 $2.621 $2.751 $2.838 $2.895 $2.97 (5/26/2018) $4.11 (7/17/2008)
Florida $2.371 $2.376 $2.427 $2.622 $2.730 $2.795 $2.92 (5/25/2018) $4.08 (7/17/2008)
Georgia $2.422 $2.426 $2.468 $2.636 $2.694 $2.735 $2.84 (5/27/2018) $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 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 9.9 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 59 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. Visit AAA on the Internet at AAA.com.