ORLANDO, Fla. – Florida gas prices dropped 13 cents per gallon last week, according to AAA.
The average price per gallon is $3.32, the lowest daily average price since June 19.
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“Drivers got some relief at the pump last week, thanks to big drops in the price of crude and gasoline futures,” AAA spokesman Mark Jenkins said in a release. “Fuel prices had fallen under downward pressure amid concerns of a global recession. However, futures prices regained some ground last week, on renewed economic optimism, which could lead to a slight bump at the pump.”
According to AAA, the price of crude oil had been on a four-week decline an during that time, oil prices dropped 13%.
“According to our partners at OPIS, oil rose last week on a weaker dollar, expectations of a September cut in U.S. interest rates and ongoing fears of a widening conflict in the Middle East. Additionally, traders were bullish on Thursday’s decline in weekly U.S. jobless claims, which was enough to offset concerns of a global recession - which had previously weighed on fuel prices,” AAA said in a release.
Regional Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.50), Naples ($3.43), Gainesville ($3.42)
- Least expensive metro markets – Crestview-Fort Walton Beach ($3.08), Pensacola ($3.09), Panama City ($3.13)
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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