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Gas Prices Edge Lower After 11 Cent Hike Last Week
December 9, 2019
Florida gas prices are drifting lower after unexpectedly jumping last week. The state average increased 11 cents per gallon on Wednesday, before declining two pennies over the weekend.
Florida drivers are now paying an average price of $2.52 per gallon for regular gasoline. The state average is 9 cents more than a week ago, and 24 cents per gallon more than last year.
In Escambia County, the average price per gallon Sunday was $2.36, with two Cantonment stations at $2.28.
“Florida gas prices increased along-side crude oil and gasoline futures prices last week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Fuel prices rose after weekly supply data showed a dip in crude supplies that was bigger than industry insiders expected. Upward pressure also remained amid renewed optimism over the US-China trade deal and news that OPEC and its allies agreed to cut production at a higher rate than experts expected. Pump prices appear to be trending lower to start the week. The latest wholesale prices suggest a gradual return to the mid-$2.40s for the state average, but volatility remains.”
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