WQCS Header Background Image
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Florida Gas Prices Drop Below $4 a Gallon, the Lowest Since March

gas prices.jpg
Adobe Stock photo
/
On Sunday, the state average for regular unleaded was $3.93 per gallon. That's the lowest daily average price since March 5th.

Florida - Monday August 1, 2022: Florida gas prices plummeted an average of 17 cents per gallon last week, continuing what is now a 7-week streak of declines.

On Sunday, the state average for regular unleaded was $3.93 per gallon. That's the lowest daily average price since March 5th.

The state average has now dropped a total of 96 cents per gallon since mid-June, and its back below $4 a gallon for the first time in nearly five months, since March 6.

The average full tank of gas now costs about $14 less than it did when pump prices were at their peak in mid-June. At that time, when the state average was $4.89 per gallon, drivers paid $73 to fill an average 15-gallon tank of gas. Now, that same 15-gallon tank costs around $59.

"After paying almost $5 a gallon just a couple months ago, Florida drivers are likely breathing a sigh of relief when seeing gas prices back below $4 a gallon," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "However, it's too early to tell just how long these sub-$4 gas prices will hang around. Oil and gasoline futures prices made notable gains last week. This could cause falling gas prices to level out or potentially increase, but it's too early to tell."

Find Florida Gas Prices

AAA Gas POrice Avergages 8-1-22.jpg
Image courtesy AAA Florida
/

Click here to view current gasoline price averages.

The price for U.S. crude settled at $98.62 per barrel on Friday. That's 4% more than the week before. Gasoline futures jumped nearly 30 cents per gallon. The price hikes came after OPEC and its allies - who have steadily raised fuel production rates on a monthly basis, decided to hold production at current levels in September. While that adds to existing concerns about global fuel supplies, the market remains concerned about a global recession and the potential of it driving down global fuel demand.

Regional Florida Prices

• Most expensive metro markets – West Palm Beach-Boca Raton ($4.18), Naples ($4.13), Fort Lauderdale ($4.04)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.70), Melbourne-Titusville ($3.74), The Villages ($3.75)

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.