Florida Gas Prices Averaging About $3 A Gallon

July 6, 2021

Florida gas prices are now averaging $3.01 a gallon, the highest daily average since October 2014, according to AAA.

On average, Florida drivers are now paying seven cents per gallon more than a week ago and 15 cents less than this time last month. The state average is now 90 cents more than this time last year, when prices plummeted due to low demand because of the pandemic.

The average price per gallon in Escambia County was $2.99 Monday night. The lowest price to be found Monday night in North Escambia was $2.95 at a Cantonment station. In Pensacola, the two warehouse clubs were at $2.83.

“Florida drivers continue to feel the effects of rising crude oil prices, which have made it more expensive to produce gasoline,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Oil prices have surged nearly 60% this year, as global fuel demand outpaces the recovery in supplies. Unfortunately, these pump prices will likely hang around through the summer, unless fundamentals change. Tropical Storm Elsa is not expected to impact prices at the pump.”

Last year, during the pandemic, many fuel-producing countries reduced crude oil output, due to plummeting fuel demand. According to the EIA, the United States’ production levels dropped a total of 24% from January 2020 to August 2020. Although US production levels have bounced back from mid-2020 lows, they remain 15% below pre-pandemic levels. Reopening rigs can take time due to staffing and other logistics.

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Written by William Reynolds · Filed Under News