Florida Gas Prices Fall to 3-Month Lows

October 16, 2023

Florida gas prices fell to their lowest levels in three months. On Sunday, pump prices averaged $3.33 per gallon, after declining 15 cents last week.

Florida’s gas prices have mostly been on a downward trend through the past four weeks. During that time, the state average fell from $3.69/g to $3.33/g.
The
Pensacola metro had the lowest average price in the state at $3.16.A low o 2.97 was avilable Sundyannight in Canontment at stations on Muscogreee Road and Highway 29 in Pensacola, a low of $2.81 was avilable at a Nine Mile Road onvenience store Sunday night

“The discount at the pump has largely been driven by falling oil prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, the downward trend could stall soon. Ongoing geopolitical tensions allowed oil prices to regain some strength last week, though they remain below price levels we saw three weeks ago.

The U.S. price of crude oil settled at $87.69 per barrel Friday. That’s $4.90 per barrel (6%) more than the week before, but well below the $93/b highs we saw on September 27th. The increase came after The Group of Seven (G7) announced plans to provide financial assistance to Ukraine by tightening sanctions against Russia. The market is also uneasy about the Israel-Gaza conflict. On Sunday night, the price of oil was trending lower in overnight trading.

Regional Prices

Most expensive metro markets – West Palm Beach-Boca Raton ($3.53), Naples ($3.49), Tallahassee ($3.45)
Least expensive metro markets – Pensacola ($3.16), Crestview-Fort Walton Beach ($3.19), Orlando ($3.25)
Ways to Save on Gasoline

Combine errands to limit driving time.
Shop around for the best gas prices in your community.
Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
AAA Resources for Drivers

Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
Find the lowest gas prices in your area by using the free AAA mobile app.
Determine anticipated fuel costs for your trip by using the AAA’s Gas Cost Calculator.
Find Florida Gas Prices

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Written by William Reynolds · Filed Under General, News