ORLANDO, Fla. – Floridians are seeing some of the lowest prices at the gas pump of the year.
According to AAA, Florida gas prices averaged $3.15 per gallon on Monday, which marks the lowest price since Feb. 12, 2024. Monday’s state average is 15 cents less than last week, 25 cents less than last month and 48 cents less than this time last year.
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Driven by concerns about both the U.S. and international economies and the belief that global oil supplies could outpace fuel demand by the year’s end, the U.S. barrel price fell to the lowest level since June 2023 last week.
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“Declining oil prices lowers the cost of producing gasoline,” said Mark Jenkins, AAA spokesman. “Unless oil prices reverse course, gas prices should move even lower. Currently, about 23% of Florida retailers have prices below $3 a gallon. That number is likely to grow this week.”
The highest price so far this year was $3.64 per gallon.
On Friday, domestic oil prices settled at $67.67 per barrel. That’s almost $6 per barrel less than last week. Oil prices had been trading at more than $80 per barrel just one month ago.
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.35), Naples ($3.33), Gainesville ($3.29)
- Least expensive metro markets – Crestview-Fort Walton Beach ($2.88), Pensacola ($2.95), Panama City ($2.95)
Ways to Save on Gasoline
- Combine errands to limit driving time.
- Shop around for the best gas prices in your community.
- Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
- Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
- Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
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