Gas Prices Sink To Two Year Low

May 28, 2019

Florida gas prices continued to decline through the busy Memorial Day holiday weekend. The daily average price for gasoline is now the lowest since March, and travelers found the lowest Memorial Day gas prices in two years.

Florida gas prices now average slightly below $2.60 per gallon. The state average was 31 cents less than last year’s holiday, but 30 cents more than 2017.

The average price per gallon in Escambia County was $2.59, down from $2.73 a month ago and 30 cents less than one year ago. Many Escambia County stations were sharply lower, including $2.47 at Highway 29 and Muscogee Road in Cantonment Monday night.

The average price across Florida declined for the 24th consecutive day on Monday, for a total discount of 19 cents. Monday’s state average price of $2.60 per gallon is 4 cents less than a week ago, 12 cents less than last month, and 31 cents less than this time last year.

“Gas prices took an early summer slide, due to growing domestic fuel supplies and the ongoing trade war between the U.S. and China,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Both factors forced oil prices to their lowest level in two months. As we begin the summer driving season, Florida drivers are saving a little more than $4.50 compared to last year, when filling an average size tank of gas.”

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Written by William Reynolds · Filed Under News