- Florida’s post-Labor Day gas prices are down 8 cents from the previous week
- The average gas price sits at $3.52 a gallon
- It still costs motorists about $53 to fill up the average tank of gas
Florida motorists saw some relief at the pump ahead of Labor Day weekend, according to a new report from the American Automobile Association (AAA).
The auto group found in its weekly report on Monday that the average price for gasoline in the Sunshine State dropped to $3.52 a gallon — down 8 cents from the previous week. Florida gas prices are still 50 cents higher than what drivers paid last year on the same holiday weekend.
Florida’s average gas price remains higher than the average a year ago when the price at the pump was around $3.02 a gallon. Today’s cost, however, is 32 cents lower than last month when the average was $3.84 a gallon.
Mark Jenkins, spokesman for AAA, noted that prices could drop another 20 cents, but added that savings may not last very long after OPEC and Russia announced today that they will cut production oil production for the first time in more than a year in an “effort to stabilize falling energy prices.”.
“Pump prices are falling after sharp drops in the oil and gasoline futures markets last week,” said Jenkins. “The losses were fueled by growing concerns that a global recession and Covid-19 outbreaks in China would stifle global fuel demand. If sustained, this downturn could enable the state average gas price to eventually slip into the $3.30s. However, oil prices were gaining strength Monday night, after OPEC and its allies announced plans to cut production in an effort to stabilize falling energy prices.”
Drivers looking to travel around the state will find the most expensive gas prices in West Palm Beach-Boca Raton ($3.72), Tallahassee ($3.64), and Naples ($3.59). The lowest prices were reported in Crestview-Fort Walton ($3.35), Pensacola ($3.39), and Panama City ($3.43).
A full breakdown of gas prices across the state can be seen here.
Yet diesel fuel is still at record highs. And there is very little any consumer buys that isn’t touched by the high diesel fuel prices. Between rail and trucks, you can’t have an economy if you can’t deliver merchandise to the consumer.