Tax holiday: Gas prices see sharp drop in Florida

State average reaches $3.26 per gallon

ORLANDO, Fla. – Florida drivers began to see sharp drops in prices at the pump over the weekend.

The state’s Florida Motor Fuel Tax Relief Act of 2022 went into effect Saturday, suspending the state’s 25.3-cent tax on each gallon of gasoline through October.

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On Sunday, the state average was $3.26 per gallon, the state’s lowest daily average price since January.

So far, the state average price for gasoline decreased 13 cents per gallon since the gas tax holiday began.

Before October, the state average declined a total of $1.50 per gallon since prices reached their peak of $4.89 per gallon in mid-June.

“This gas tax builds on the previous downward pressure on pump prices, stemming from global recession concerns and underwhelming fuel demand,” said AAA spokesman Mark Jenkins. “Prices are now beginning to dip below $3 a gallon at various gas stations in the state. While everyone might not be so lucky to see sub-$3 gasoline, all Floridians should expect a sizeable discount this week.”

Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.47), Miami ($3.32), Gainesville ($3.31)
  • Least expensive metro markets – Panama City ($3.15), Pensacola ($3.07), Crestview-Fort Walton Beach ($3.06)

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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About the Author:

Daniel started with WKMG-TV in 2000 and became the digital content manager in 2009. When he's not working on, Daniel likes to head to the beach or find a sporting event nearby.