Florida gas prices fall for tenth straight day, averaging $3.45 per gallon

by | Jun 3, 2024

Florida drivers are experiencing a reprieve at the pump with gas prices dropping for ten consecutive days, now averaging $3.45 per gallon, though still higher than last year, according to AAA.

Florida drivers are experiencing a welcome reprieve at the pump as gas prices have decreased for ten consecutive days, according to AAA.

Per the automobile group, the state average has dropped by 11 cents per gallon during this period, with the average price per gallon standing at $3.45 as of Sunday. While this marks a decrease of 5 cents from the previous week, it is still 6 cents higher than the same time last year.

“The summer travel season is beginning with gasoline prices that are 20 cents less than the highest price this year,” said Mark Jenkins, Public Relations Manager for AAA – The Auto Club Group. “While gasoline prices are usually volatile through the summer months, recent futures prices suggest the state average could move lower this week.”

On the broader scale, U.S. crude oil prices experienced a 1 percent drop last week, contributing to a cumulative 4 percent decrease over the past two weeks. During the same period, gasoline futures fell by 16 cents. OPEC and its allies agreed on Sunday to extend oil production cuts into 2025 to stabilize oil prices. This decision was anticipated by analysts and did not impact oil prices as of early Sunday night.

The most expensive metro markets include West Palm Beach-Boca Raton at $3.64 per gallon, Naples at $3.55, and Fort Lauderdale at $3.51, while the least expensive metro areas are Crestview-Fort Walton Beach at $3.16, Panama City at $3.18, and Pensacola at $3.21.


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