Florida Gas Prices Decline A Few Cents On Average

June 21, 2022

Florida gas prices are moving lower after oil and gasoline futures suffered big weekly drops. The national average price for regular unleaded is once again back below $5 a gallon. And for now, AAA says it looks like the state average won’t make it that high.

Florida gas prices averaged $4.81 per gallon on Monday. The state average declined seven cents last week, after reaching an all-time high of $4.89 per gallon.

The Pensacola metro continues to remain among the lowest price markets in the state. The average price per gallon in Escambia was $4.65. Monday night, the low price in North Escambia was $4.49 on Muscogee Road. In Pensacola, a low of $4.41 could be found.

“Florida drivers are finally catching a break after several weeks of rising gas prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gas prices are following oil and gasoline futures prices, which suffered significant losses last week. The losses are being tied to last week’s rate hike from the Federal Reserve bank, sparking fears of a possible recession – which could lower fuel demand. Prices also faced resistance on reports that the Biden administration is considering possible limits on petroleum exports, in attempt to strengthen domestic supply. Petroleum exports have accelerated in recent weeks, as countries compete for fuel in what has become an extremely tight fuel market. The increased competition for fuel has contributed to rising prices.

“If this downward trend holds, gas price drops could accelerate, moving the state average back around $4.50 per gallon,” Jenkins continued. “But this fuel market remains extremely unstable, and things can change very quickly. It’s looking less likely that the state average will surpass $5 a gallon, but the driving season is young.”

Comments

4 Responses to “Florida Gas Prices Decline A Few Cents On Average”

  1. David Huie Green on June 22nd, 2022 11:36 am

    REGARDING:
    “strange that gas prices start dropping when an election is getting close.”

    It seems strange that gas prices started rising when an election is getting close.

    Rising, dropping, staying the same. Prices have done all three. An election is always near. You can pick your cut-offs and conclude anything you want to. Hard to make prices staying above $4 per gallon make people happy even if they drop a mite.

    Meanwhile, LPG/propane is $2.983/gallon and compressed natural gas is $2.05/gallon equivalent. Maybe it is some super-secret conspiracy to get people to use compressed natural gas.

    Or maybe “It costs $0.045 per mile to drive an electric car, on average, based on 277 different models.” so that is right at a hundred miles per gallon at $4.50/gallon gasoline and some super-secret conspiracy to sell electric cars.
    (Cheaper if you use a Tesla at $0.0308 per mile or $3.08/100 miles.)

    You pick your insanity, I will pick mine.

    David for free gas, free electricity, free freebies

  2. ensley boy on June 21st, 2022 3:49 pm

    strange that gas prices start dropping when an election is getting close. They will raise rapidly after the elections,

  3. NPC on June 21st, 2022 1:37 pm

    What if the $.04 a gallon were back?

  4. concerned on June 21st, 2022 10:38 am

    that is very cheap for florida everything for many years was cheap in Florida and homes were a fraction of the cost than up north. gee people sell that million dollar home come to Florida and buy several homes and have plenty to retire on. gas is no problem when your a million dollar man. but when your from the south you were born broke and still broke. so keep pushing them petals then gas will come down.

Written by William Reynolds · Filed Under News