Florida Gas Prices Inch Lower After Reaching New 2024 High

March 11, 2024

Florida gas prices are inching lower after reaching a new 2024 high of $3.46 per gallon on Friday. The state average rose 15 cents per gallon last week. However, by Sunday, it was back down to $3.43 per gallon on average.

The average per gallon price in Escambia County was $3.19. A low price of $3.05 was available in North Escambia at a station on Highway 29 in Cantonment. The lowest price in Pensacola Sunday night was $2.99 at the warhouse clubs.

“Strong gasoline demand and the switch to summer fuel contributed to last week’s jump at the pump,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Severe weather and power outages at major refinery plants across the US were also reportedly to blame. However, gasoline and oil futures moved lower late last week, reportedly due to uncertainty about whether the Federal Reserve would cut interest rates later this year. This could temporarily cause the gas price hike to stall.”

Crude oil futures declined nearly $2 per barrel last week (-2%). Gasoline futures dropped 9 cents.

NorthEscambia.com file photo.

Comments

6 Responses to “Florida Gas Prices Inch Lower After Reaching New 2024 High”

  1. Bob on March 13th, 2024 9:22 am

    @Anne

    Agreed, except it isn’t politicians that are making your groceries expensive. It’s the companies.

    Corporations are raising prices and performing mass layoffs despite record profits so they can perform stock buybacks to increase stock prices and justify executive bonuses. It’s corporate greed that is making your milk and eggs more expensive.

    The problem now is that every attempt to curb that greed is met with a chorus of “tHaT’s sOciALiSm”. It’s like people want a free market, but don’t want the consequences that come with a free market.

  2. David Huie Green on March 12th, 2024 2:51 pm

    REGARDING:
    “the pandemic didn’t start until the end of 2019, or 2020, gas was cheaper up until that point”

    By year and month:

    2015 2.208 2.301 2.546 2.555 2.802 2.885 2.880 2.726 2.462 2.387 2.260 2.144

    2016 2.057 1.872 2.071 2.216 2.371 2.467 2.345 2.284 2.327 2.359 2.295 2.366

    2017 2.458 2.416 2.437 2.528 2.503 2.460 2.414 2.494 2.761 2.621 2.678 2.594

    2018 2.671 2.705 2.709 2.873 2.987 2.970 2.928 2.914 2.915 2.943 2.736 2.457

    2019 2.338 2.393 2.594 2.881 2.946 2.804 2.823 2.707 2.681 2.724 2.693 2.645

    2020 2.636 2.533 2.329 1.938 1.961 2.170 2.272 2.272 2.274 2.248 2.200 2.284

    2021 2.420 2.587 2.898 2.948 3.076 3.157 3.231 3.255 3.272 3.384 3.491 3.406

    2022 3.413 3.611 4.322 4.213 4.545 5.032 4.668 4.087 3.817 3.935 3.799 3.324

    2023 3.445 3.501 3.535 3.711 3.666 3.684 3.712 3.954 3.958 3.742 3.443 3.257

    2024 3.197 3.328

    https://www.eia.gov/

  3. Charlotte Bates on March 12th, 2024 1:45 am

    REGARDING THE PRICE OF GAS NOW AND THEN. From 2016-2020, which by the way, the pandemic didn’t start until the end of 2019, or 2020, gas was cheaper up until that point, and you can’t depend on saying it was the pandemic, since it didn’t start until later. I live on a fix income and with these prices keep going up and up, it’s harder and harder for someone like me to buy food, pay for gas, my meds, and my pets food. Which by the way, before anyone suggest, I will not give up my pets. I will eat PB&J, if need be, so they can eat.

  4. David Huie Green on March 11th, 2024 2:34 pm

    REGARDING:
    “four years ago when our regular gasoline was LESS THAN $2.00 per gallon.”

    Yes, it dropped that low due to the pandemic shutdown and most people isolating themselves from a new killer disease. Little demand for gasoline when going nowhere and a tank of gas might not need refilling for two months.

    Interesting how people long for those days.

    David for nuclear powered cars

  5. It Won't Last on March 11th, 2024 10:38 am

    Enjoy it while it last. Memorial day is only 11 weeks away and prices will likely go up $0.30 – $0.50/gallon for the summer vacation travel season.

  6. Anne on March 11th, 2024 7:44 am

    Remembering back four years ago when our regular gasoline was LESS THAN $2.00 per gallon.
    With all the other price increases for Basics, food, housing, utilities, etc it is really hammering the working people of this nation.
    Hard to watch the elite very rich we vote into office enjoying big ice cream cones when it’s tight buying milk for the kids and grandkids.
    Where are we headed and what will we become?
    God Bless and Preserve this United States of America…..

Written by William Reynolds · Filed Under News