17:00 PM

Pump Prices Slide After Rising 7 Cents

Florida gas prices have declined 3 cents after reaching $2.51

Florida gas prices are moving lower again after unexpectedly jumping 7 cents last week. The state average has since declined 3 pennies after reaching $2.51/g on Thursday.

"Despite last week's price hike, Florida drivers are still paying 32 cents per gallon less than they did in the spring," said Matt Nasworthy, Florida Public Affairs Director, AAA - The Auto Club Group. "Fortunately, the state average has declined one cent per day since Friday, and could drift below $2.45 this week."

On average, Florida drivers are paying 4 cents more per gallon than a week ago and 5 cents more than last month. However, drivers are spending 34 cents per gallon less than this time last year.

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($2.58), Panama City ($2.56), Gainesville ($2.53)
  • Least expensive metro markets – Pensacola ($2.43), Jacksonville ($2.44), Orlando ($2.44)

In its latest weekly report, the Energy Information Administration's (EIA) data revealed that gas demand is starting to decline – as is typically the case during the fall. For the week ending on September 27, demand moved from 9.34 million b/d to 9.13 million b/d, which is the same rate seen at the end of September 2018. Alongside the drop in demand, gasoline supply levels held relatively stable from 230.2 million bbl the previous week to 230 million bbl. The drop in demand, amid stable stock levels, has helped the majority of motorists across the country see pump prices stabilize or decline.

At the close of Friday's formal trading session on the NYMEX, WTI settled at $52.81 per barrel - $3 per barrel less than the Friday before. Crude prices are ending the week lower after continued trade tensions between the U.S. and China worried market observers. Those fears grew after the World Trade Organization ruled that the U.S. could impose tariffs on imports from the European Union this week. Increased tariffs could reduce global crude demand, helping to push prices down even further, which would also lead to lower prices at the pump.

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 $2.654 $2.658 $2.653 $2.570 $2.913 $2.895 $2.97 (5/26/2018) $4.11 (7/17/2008)
Florida $2.482 $2.491 $2.443 $2.433 $2.820 $2.795 $2.92 (5/25/2018) $4.08 (7/17/2008)
Georgia $2.502 $2.507 $2.548 $2.390 $2.775 $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 60 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.