Florida Gas Prices Set New 2022 High

February 21, 2022

Florida gas prices increased another six cents last week, setting a new 2022 high of $3.51 per gallon. That’s 15 cents more than last year’s high, and the highest daily average price since July 2014.

The state average did drift lower over the weekend by a penny. Sunday’s state average of $3.50 per gallon is five cents more than this time last week; 90 cents more than this time last year.

The average price per gallon in Escambia County was $3.46, up 33 cents over the past month. A North Escambia low of $3.38 could be found at Cantonment stations on Highway 29 and on Muscogee Road. A low of $3.24 could be found at two Pensacola stations.

As tensions mount regarding a potential Russian invasion of Ukraine, the energy market actually suffered its first week of losses last week. This snapped an 8-week streak of oil price gains. After reaching a new 2022 high of $95.46 per barrel on Monday, the price for U.S. crude declined 5% by the end of the week. That resulted in a 2% week-over-week decline of $2 per barrel – the equivalent of a five cent drop at the pump.

Comments

5 Responses to “Florida Gas Prices Set New 2022 High”

  1. David Huie Green on February 24th, 2022 1:30 pm

    For historical context from https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMRU_PTE_SFL_DPG&f=M

    Florida Regular Conventional Retail Gasoline Prices (Dollars per Gallon)
    …………..January
    2004 1.606 (Beginning of second term in office Bush 2)
    2005 1.883 Bush
    2006 2.362 Bush
    2007 2.270 Bush
    2008 3.094 (Bush was still president, economy went south)
    2009 1.813 (Bus gong out, Obama going in)
    2010 2.742 Obama
    2011 3.092 Obama
    2012 3.413 Obama
    2013 3.402 Obama
    2014 3.371 Obama
    2015 2.141 Obama
    2016 1.889 Obama
    2017 2.335 Trump
    2018 2.461 Trump
    2019 2.146 Trump
    2020 2.455 Trump pre COVID-19 shutdown
    2021 2.266 (Trump was on way out, but still trying to stay in power.)
    2022 3.186 Biden

    Read it all as you wish,
    David for free gasoline, perpetual motion machines, nuclear power, good memories, love and joy

  2. john on February 22nd, 2022 8:41 pm

    My prediction $4.00 by summer.

  3. Derek on February 22nd, 2022 8:37 am

    We went from energy independent under the previous administration to this reliance on foreign oil! Hunter Biden’s influence on foreign energy boards, more regulation on US energy producers and terminating oil pipelines…. I hope everyone that votes for Joe Biden are happy now.

  4. Reality Check on February 22nd, 2022 1:13 am

    Thanks privately held oil companies using tax paid subsidies to further rip off the American public while allowing them to blame it on an administration that literally has nothing to do with the gas prices.

  5. Dakota on February 21st, 2022 7:48 pm

    Thanks joe

Written by William Reynolds · Filed Under News