Florida - Tuesday January 18, 2023: Florida gas prices fell 6 cents a gallon, during the past week. On Monday, the state average was $3.26 per gallon. That's 2 cents higher than the lowest price, so far this year.
Fuel prices have ping-ponged in the first two weeks of 2023. The year began at $3.24 per gallon, which is currently this year's low. The state average then jumped to $3.31 on the 5th, before eventually setting back to $3.26/g during the weekend.
Oil prices remain the big contributor to fluctuating prices at the pump. The U.S. price of oil dropped 15% in the first week of 2023 - which put downward pressure on pump prices. Unfortunately for drivers, those losses were cut in half last week, when oil rebounded by 8%.
"Pump prices may not go much lower this week, thanks to a rebound in oil prices," said Mark Jenkins, Public Relations Manager for AAA - The Auto Club Group. "Crude prices strengthened last week on various news reports, causing investors to grow optimistic about global fuel demand. First, reports that China is easing COVID-19 restrictions. There's also hope that the Federal Reserve could slow interest rate hikes, following reports that inflation eased in December."
The U.S. price for oil settled at $79.86 per barrel on Friday. That's $6.09 per barrel (8%) more than the week before, and the highest daily settlement so far this year.
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 Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.48), Gainesville ($3.34), Miami ($3.34)
• Least expensive metro markets – Crestview-Fort Walton Beach ($3.09), Panama City ($3.10), Pensacola ($3.10)
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.