Florida gas prices eased over the weekend after reaching their highest level in nearly four years, though drivers are still paying substantially more than they were a week, month and year ago.
The state average for regular unleaded gasoline fell to $4.43 per gallon Sunday, down 9 cents from Thursday’s peak of $4.50, according to AAA. The Thursday average marked Florida’s highest daily gas price since July 2022.
Despite the weekend decline, Sunday’s average remained 10 cents higher than a week earlier, 34 cents higher than a month earlier and $1.48 higher than the same time last year.
AAA said the recent increase followed sharp gains in energy markets over the previous two weeks, including a 21% rise in oil prices and a 59-cent jump in wholesale gasoline. Prices began easing late last week after renewed optimism around U.S.-Iran negotiations and reports tied to a possible gradual reopening of the Strait of Hormuz helped push market prices lower.
“The fuel market remains headline-driven and extremely volatile, making it difficult to predict what drivers will pay at the pump this summer,” said Mark Jenkins, spokesman for AAA.
West Palm Beach-Boca Raton recorded the state’s highest metro average at $4.58, while Pensacola had the lowest at $4.12.