Sunday’s state average was $3.17 per gallon, which is 5 cents less than the previous low from March.
“Florida drivers are now finding some of the lowest pump prices since December 2022,” said Mark Jenkins, spokesman for AAA. “Drivers are even finding pump prices below $3 a gallon in some cities. … The seasonal decline in driving demand, coupled with gasoline supply builds and falling oil prices are all contributing to the recent pump price drop.
Florida’s state average declined 12 cents per gallon last week. It’s down 68 cents from this year’s high of $3.85, which was recorded in mid-August. The price of U.S. crude settled at $80.51 per barrel on Friday, which is $5 per barrel or 6% less than the week before. Gasoline futures also declined 11 cents, for a combined discount of 17 cents per gallon through two weeks.
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