MIAMI.- Gasoline prices in Florida have reached high levels this year, but drivers could find relief soon, the American Motorists Association (AAA) said in a statement.
According to figures managed by this organization, the state average rose to $3.64 per gallon on Friday, matching the year’s high set in mid-April.
Since then, the state average has decreased 3 cents per gallon, settling at $3.61 on Sunday. This figure is just 3 cents more than what drivers paid this time last year, and is well below the highs of 2023 ($3.85) and 2022 ($4.89).
“Drivers will be glad to know they could soon get a reprieve from rising gas prices,” said Mark Jenkins, AAA Public Relations Manager. “The price of oil retreated last week, allowing gasoline futures to fall 20 cents per gallon.”
After staying above $80 a barrel for the past two months, the oil price in the United States fell below that amount on Wednesday and stood at $78.11 on Friday, a 7% drop from the previous week.
About half of the price of gasoline is influenced by oil prices. The weekly decrease of $5.74 is equivalent to a 10 to 15 cent change in gasoline prices.
“Unless those prices suddenly recover, drivers should see gas prices decline steadily this week“Jenkins added.
Oil analysts attribute the price decline to an unexpected increase in U.S. commercial oil reserves and signs that geopolitical tensions in the Middle East may be easing, according to AAA.
Regional prices
Most expensive metropolitan markets: West Palm Beach-Boca Raton ($3.77), Naples ($3.70), Homosassa Springs ($3.68).
Least expensive metro markets: Crestview-Fort Walton Beach ($3.35), Pensacola ($3.37), Panama City ($3.38).
Ways to save on gasoline
- Combine errands to limit driving time.
- Compare gasoline prices in the community.
- Pay cash. Some retailers charge extra per gallon for customers who pay by credit card.
- Remove unnecessary weight from the vehicle. Every 100 pounds removed improves fuel economy by 1-2 percent.
- Drive conservatively. Aggressive acceleration and excessive speed reduce fuel economy.
