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Florida Gas Prices Down 20 Cents In Three Weeks
September 19, 2022
Florida gas prices declined three cents last week, but the state average is down 20 cents per gallon over the past three weeks, according to AAA.
Florida gas prices have now fallen a total of $1.47 per gallon since mid-June. On Sunday, Florida gas prices averaged $3.42 per gallon. That’s the lowest daily average price since February 1st.
The average price per gallon in Escambia County was $3.20, the lowest metro price in the state. The lowest North Escambia price Sunday night was $3.08 on Muscogee Road in Cantonment, while at least nine stations in Pensacola were under $3 per gallon.
“Crude oil and gasoline futures finished the week slightly lower than the week before, on ongoing concerns that a global recession and potential U.S. interest rate hike could stifle global fuel demand,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “This should enable gas prices to slip even lower this week.”
NorthEscambia.com photo.
Comments
8 Responses to “Florida Gas Prices Down 20 Cents In Three Weeks”
REGARDINGThis oil, purchased years ago for around $25/barrel will have to be replaced at current prices. This will do two things: reduce the amount of crude available for consumer use and at the same time the price of fuel will go up again.”
Not quite right.
“The oil delivered to the reserve is “royalty-in-kind” oil—royalties owed to the U.S. government by operators who acquire leases on the federally owned Outer Continental Shelf in the Gulf of Mexico. These royalties were previously collected as cash, but in 1998 the government began testing the effectiveness of collecting royalties “in kind”—or in other words, acquiring the crude oil itself.”
So, it wasn’t bought with money but taken instead of money and will be replaced the same way.
David for truth
@Robert Carleen
You are 100% correct. Hard Times are coming.
Biden is draining the strategic oil reserve in order to keep oil prices stable. This oil, purchased years ago for around $25/barrel will have to be replaced at current prices. This will do two things: reduce the amount of crude available for consumer use and at the same time the price of fuel will go up again. This winter will see high prices for heating oil diesel, gas jet fuel and all those consumer products made from petroleum, like plastics and fertilizer for example.
Yellarhammer is correct. Might as well let the issue rest and talk about gas and other price increases again after the November election ! Biden is just a paper tiger – it’s the people behind him that are dangerous
REGARDING:
“Maybe, just maybe, gas prices are being set by the gas companies’
Or even the people buying the gasoline. The companies want as much money coming in as possible. They are not unified in setting prices. If they charge too much, people go elsewhere. They are constantly trying to balance the conflict.
Either that or there is some vast conspiracy involving thousands of companies, millions of conspirators, and dozens of nations.
David for Occam’s Razor
@yellarhammer
Gas prices go up “This is Joe Biden’s fault!”
Gas prices go down: “This is actually bad news, and it’s Joe Biden’s fault!”
Maybe, just maybe, gas prices are being set by the gas companies that have an incentive to charge as much as possible and posted record profits last quarter.
It’s a ploy if certain governmental party loses the election in November get ready the price of gas will go higher than the previous high.
It’s Bidens fault gas prices are dropping. Just in time for the mid-terms. This has deep state written all over it.