Florida Gas Prices Reach Nine Month High

December 21, 2020

Florida gas prices increased an average of six cents last week.

The state average for a gallon of regular unleaded reached $2.20 cents on Friday, the highest since March..

The average price per gallon in Escambia County was $2.17, up from $2.13 a week ago. The lowest price to be found Sunday night in North Escambia was $1.99, while one Pensacola station was at $1.98.

“Oil prices returned to pre-pandemic levels last week, so it should come as no surprise that gas prices followed suit,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Fuel prices have been pressured higher by optimism surrounding a new stimulus package and Covid-19 vaccine news. These are two big pieces in the puzzle for long term improvement in fuel demand, which has been heavily hampered by the pandemic.”

Comments

2 Responses to “Florida Gas Prices Reach Nine Month High”

  1. SueB on December 22nd, 2020 9:55 am

    Like most of the things you buy, supply and demand affect both gas and oil prices. When demand is greater than supply, prices rise.
    Seasonal demand also affects oil and gas prices. Normally, gas prices rise every spring. The demand for gas increases in the summer as families go on vacation and hit the road. Regulations also require a shift to summer-grade gasoline, which is more expensive to produce.
    commodities traders create a self-fulfilling prophecy. This leads to an asset bubble. Unfortunately, the one who pays for this bubble is you at the gas pump.
    PLUS we pay extra 4% at the pump for ECAT (a failing bus system) approved by Escambia County Commissioners.

  2. john tucker on December 21st, 2020 6:24 pm

    funny gas gets to 9 month high at Christmas go figure

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