ORLANDO, Fla. – Gas prices in Florida late last week tied the 2024 high, but AAA said Monday that relief may be in sight.
The state average reached $3.64 per gallon on Friday, tying the high point set in mid-April.
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The state average has since declined 3 cents per gallon since then, with Sunday’s state average at $3.61 per gallon. Last year this time, the state average was $3.58 a gallon.
“Drivers will likely be happy to hear that they may soon get a break from rising prices at the pump,” said Mark Jenkins, PR manager for AAA. “The price of oil took a step back last week, enabling gasoline futures to drop 20 cents per gallon.”
He said drivers should see the price impact soon.
“Unless those prices suddenly rebound this week, drivers should see gas prices steadily move lower this week,” Jenkins said.
Oil analysts attribute the price drop, in part, to a surprise increase in U.S. commercial oil inventories.
Regional prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.77), Naples ($3.70), Homosassa Springs ($3.68)
- Least expensive metro markets – Crestview-For Walton Beach ($3.35), Pensacola ($3.37), Panama City ($3.38)
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.