Florida - Monday July 25, 2022: Florida gas prices dropped an average of 17 cents a gallon last week, the largest weekly decline since gas prices began falling six weeks ago.
The state average has now declined a total of 79 cents per gallon, since setting a new record high of $4.89 a gallon in mid-June.
On Sunday, the state average was $4.10 per gallon, yet drivers are finding pump prices well below $4 a gallon in some regions. At the rate pump prices are declining, the state average could slip below $4 a gallon this week, for the first time since March 6.
The cost to fill an average 15-gallon tank of gas has declined nearly $12 since mid-June. When prices were at their peak, it cost an average of $73 for a fill-up. Now, it's about $61.50.
"Gas prices continue their downward march, after another week of losses in the oil market and underwhelming gasoline demand figures," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "News out of the European Union helped to ease global supply concerns. The EU has reportedly loosened sanctions, allowing Russian state-owned companies to deliver fuel, in effort to help boost supplies. The lower price of crude lowers the cost of producing gasoline.
"Meanwhile, gas prices are under additional downward pressure due to a pullback in gasoline demand. The latest readings from the EIA put gasoline demand at 5%-10% below year-ago levels. This has those in the market believing that Americans are changing their driving habits to offset rising gas prices. Those prices at the pump are moving lower as a result."
Find Florida Gas Prices
• Daily gas price averages can be found at Gasprices.aaa.com
• State and metro averages can be found here
Regional Florida Gas Prices
• Most expensive metro markets – Naples ($4.38), West Palm Beach-Boca Raton ($4.36), Fort Lauderdale ($4.22)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.83), Sebring ($3.88), Melbourne-Titusville ($3.91)
The U.S. price for crude oil settled at $94.70 per barrel on Friday. That's $2.89 (3%) less than the week before.
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.