Florida gas prices are moving lower after rising 17 cents early last week. The state average then declined 12 cents through the weekend.
Sunday’s state average of $3.83 per gallon is:
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Florida gas prices are moving lower after rising 17 cents early last week. The state average then declined 12 cents through the weekend.
Sunday’s state average of $3.83 per gallon is:
“Crude prices dropped overnight after the United States and Iran announced an agreement to reopen the Strait of Hormuz,” said Mark Jenkins, spokesman for AAA – The Auto Club Group. “This is an encouraging sign for drivers, as lower oil prices typically lead to lower prices at the pump. However, this remains a fluid situation, and it’s unclear how quickly or how much gas prices may fall.”
Sunday night, crude oil traded around $80 per barrel, down about 5% from Friday’s closing price of $84.88.
When the U.S.-Iran conflict began, oil traded near $67 per barrel. As tensions escalated, crude eventually climbed to a high of $112.95 in early April. During that time, Florida’s average price for gasoline rose from $2.91 per gallon to a high of $4.52/g, increasing the cost of filling a 15-gallon tank by nearly $25.
The Strait of Hormuz could reopen Friday, when the agreement is expected to be signed, but market conditions may take time to stabilize. Resuming shipping traffic and restoring confidence among insurers and global markets could take weeks or longer.
Visit GasPrices.AAA.com to view state and local average gas prices.
Regional Prices
How to Conserve Gasoline
AAA Resources for Drivers
AAA GAS PRICE AVERAGES
(Price per gallon of regular unleaded gasoline)
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Sunday |
Saturday |
Week Ago |
Month Ago |
One Year Ago |
|
National |
$4.074 | $4.086 | $4.174 | $4.534 | $3.134 |
|
Florida |
$3.831 | $3.859 | $3.804 | $4.385 | $2.949 |
|
Georgia |
$3.761 | $3.771 | $3.846 | $4.015 | $2.867 |