As oil prices drop, Floridians can expect lower gas prices

Ana Goñi-Lessan, Tallahassee Democrat
·1 min read

Gas prices are expected to drop once again.

After last week's losses in the oil market, Floridians may see some relief at the pump in the coming weeks.

"The failure of two U.S. banks raised concerns of a global recession that could eventually hamper fuel demand," said Mark Jenkins, spokesman, AAA - The Auto Club Group.

The state average for regular unleaded was $3.46 per gallon on Sunday. That's 12 cents less than this year's high of $3.58.

But on Friday, the price of oil dropped to $66.74 a barrel, the lowest it's been since December 2021.

"Gasoline futures dropped 24 cents through the past two weeks, which is an indicator that pump prices should move lower," Jenkins said in a press release.

Florida gas at a glance

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.63), Naples ($3.52), Port St. Lucie ($3.51)

  • Least expensive metro markets – Crestview-Fort Walton Beach ($3.17), Panama City ($3.18), Pensacola ($3.22)

  • Daily gas price averages can be found at Gasprices.aaa.com

This article originally appeared on Tallahassee Democrat: Florida gas prices to lower as oil prices drop