- Gas prices in Florida dipped to $3.40 per gallon on average, according to AAA.
- The price at the pump dropped for the second straight week.
- Florids gas prices have declined 19 cents over last two weeks.
- The price is the lowest daily average since Jan. 19.
Florida gas prices dropped an average of 10 cents per gallon last week, declining for a second consecutive week, according to a new report from the American Automobile Association (AAA).
The auto group stated in its weekly report on Monday that the average price for gasoline in the Sunshine State slipped to $3.40 per gallon. The price at the pump marks a steady two-week decline, dropping 19 cents per gallon in total.
Despite the good news, AAA spokesman Mark Jenkins noted that prices could see an uptick in the coming weeks.
“The downward trend at the pump may not last much longer,” said Jenkins, spokesman, AAA – The Auto Club Group. “Crude oil and gasoline futures prices jumped 9% last week, almost completely erasing the losses that led to the 2-week drop at the pump. This could cause falling pump prices to plateau, or possibly inch higher in the coming weeks.”
According to AAA, oil prices rebounded last week following news that Russia plans to cut crude oil production by 500,000 barrels per day. OPEC announced no plans to offset the loss.
The U.S. price for oil settled at $79.72 per barrel Friday — the highest price in two weeks.
Drivers looking to travel around the state will find the most expensive gas prices in West Palm Beach-Boca Raton ($3.59), Naples ($3.53), and Gainesville ($3.52).
The lowest prices were reported in Crestview-Fort Walton Beach ($3.18), Panama City ($3.21), and Pensacola ($3.26).
A full breakdown of gas prices across the state can be seen here.