Florida Gas Prices Average Lowest Of 2018

November 26, 2018

Gas prices are falling to their lowest levels of the year in many areas, and motorists should see additional discounts this week. Just as retailers cut prices on Black Friday, the price of crude also dropped by more than 10 percent – for concerns that strong global oil production will overpower demand.

The average price per gallon in Escambia County was $2.54 on Sunday, down six cents from a week ago and 23 cents from one month ago.

Gas prices in Florida are now averaging the lowest of 2018. The Florida average has declined the past 47 days for a total discount of 39 cents. Sunday’s daily average price of $2.43 per gallon is 7 cents less than a week ago, and the lowest since December 2017.

Sunday’s national average price of $2.56 per gallon is 7 cents less than last week, nearly 30 cents less than last month, and the lowest daily average since March. Sunday’s U.S. average price was 7 cents more than this year’s low, of $2.49 set in January. However, the national average should drop below that point within the next week.

“Last week’s plunge in crude prices adds even more weight to what was already strong downward pressure on prices at the pump,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Florida motorists should see gas prices drop another 5-15 cents as a direct result of the recent crude drop. These falling prices are mostly due to record crude production rates from the U.S., Russia and Saudi Arabia. Unless the oil market quickly recovers, these low gas prices should hang around through the end of the year.”

Comments

One Response to “Florida Gas Prices Average Lowest Of 2018”

  1. Sam on November 26th, 2018 2:03 pm

    Wanna get ripped off? Buy in formation.

Written by William Reynolds · Filed Under News