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AAA: The Average Gas Price Hit a New 2024 High Last Week, Then Began to Drift Lower

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Sunday's state average of $3.31 per gallon was one cent more than the week before.

Florida - Monday February 26, 2024: Florida gas prices moved higher last week, but evened out by the weekend. Sunday's state average of $3.31 per gallon was one cent more than the week before.

Two weeks ago, the state average jumped 21 cents per gallon. Then last week, the state average fell 5 cents before jumping another 8 cents. By mid-week, the state average reached a new 2024 high of $3.37 per gallon, before falling another 5 cents. Last year's high was $3.85 per gallon.

"The recent increases are attributed to rising oil prices, as refineries conduct seasonal maintenance," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Florida's gas prices are likely to face continued upward pressure through the next month as the presence of winter residents and spring breakers contributes to strong fuel demand."

U.S. crude oil prices drifted lower by the end of last week. Friday's closing price was $76.49 per barrel. That's 3% lower than the previous week's settlement of $79.19/b - which was the highest daily closing price so far this year. Last year's highest daily settlement was $93.68/b.

Regional Florida Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.50), Naples ($3.41), Gainesville ($3.38)
  • Least expensive metro markets – Pensacola ($3.07), Panama City ($3.07), Crestview-Fort Walton Beach ($3.07)

Find Florida Gas Prices

  • AAA Florida

Visit GasPrices.AAA.com to view state and local average gas prices

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.