Florida - Monday February 6, 2023: Florida gas prices declined 7 cents per gallon last week. On Sunday, the state average was $3.50 per gallon. That's 8 cents below the 2023 high and only 3 cents more than this time last year.
The drop is due to a combination of domestic and global factors. On Friday, the European Union agreed to impose a $100/b price cap on Russian oil. Additionally, there's speculation that the strong January jobs report could cause the Federal Reserve to pass additional interest rate hikes, which could potentially lower fuel demand.
"Pump prices are moving lower again after a sharp drop in the oil and gasoline futures markets," said Florida AAA spokesman Mark Jenkins. "Oil prices are 10% lower than two weeks ago. Meanwhile, wholesale gasoline prices have fallen almost 40 cents. Unless the market suddenly rebounds, drivers could see gas prices drop another 5-15 cents this week."
• 2023 High - $3.58 per gallon
• Current price - $3.50 per gallon
• 2023 Low - $3.24 per gallon
Regional Florida Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.70), Naples ($3.59), Fort Lauderdale ($3.57)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.25), Panama City ($3.26), Pensacola ($3.33)
Find Florida Gas Prices
- Daily gas price averages can be found at Gasprices.aaa.com
- State and metro averages can be found here
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.
AAA Resources for Drivers
• Enroll in savings programs. AAA Members who enroll in Shell's Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
• Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
• Find the lowest gas prices in your area by using the free AAA mobile app.
• Determine anticipated fuel costs for your trip by using the AAA's Gas Cost Calculator.