Florida - Monday March 18, 2024: Florida gas prices sprung higher last week. The state average rose 10 cents, setting a new 2024 high of $3.48 per gallon on Friday.
Sunday's state average was $3.47 a gallon.
"The jump at the pump may not be over yet," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Drivers may be in line for another round of rising prices, after gasoline and crude oil futures rose to new 2024 highs last week."
The U.S. price of crude rose 4% last week, reportedly due to concerns over Ukraine's attacks on Russian refineries. Thursday's closing price of $81.26/b was the highest since Halloween. Meanwhile, gasoline futures jumped 19 cents last week, finishing 11 cents higher than the previous 2024 high. The increase is reportedly driven by weekly domestic gasoline supply numbers that were lower than the market expected.
Rising gas prices are pretty common in the spring. Fuel demand numbers in March are some of the highest of the year, as residents share the road with spring breakers and winter residents. That, combined with seasonal refinery maintenance and the switch to the more expensive summer-blend gasoline, is a common recipe for higher prices at the pump.
Last spring, Florida gas prices reached a high of $3.72 per gallon. However, the highest price of the year was later set in August at $3.85 a gallon.
Regional Florida Prices
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.65), Naples ($3.53), Fort Lauderdale ($3.53)
- Least expensive metro markets – Panama City ($3.24), Crestview-Fort Walton Beach ($3.26), Pensacola ($3.28)
Visit GasPrices.AAA.com to view state and local average gas prices
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.