TAMPA, Fla. – Florida gas prices declined for the 9th consecutive day on Sunday. The Florida average fell 4 cents last week - the 7th largest weekly decline of any state - and motorists should see another round of falling prices this week.
"Gas prices were knocked off their seasonal upward trend, when new data revealed record-high refinery activity, setting off market concerns of a gasoline glut," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "When refineries finished spring maintenance season, they accelerated production to levels that have outpaced demand. Because of this unexpected shift in fundamentals, motorists have likely seen the highest prices for the foreseeable future and retail prices should fall a few cents more this week."
Recommended Videos
The Florida average retail price of $2.42 is 3 cents more than the national average, according to data provided by AAA, from a collection of 120,000 gas stations nationwide, based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability.
Gas prices reached their highest monthly average for April in two years. According to historical AAA data, Florida gas prices averaged $2.41 in April, with retail price averages ranging between $2.30 - $2.47 per gallon.
- The most expensive Florida gas prices are in West Palm Beach ($2.50), Fort Lauderdale ($2.45), and Miami ($2.44).
- The least expensive Florida gas prices are in Pensacola ($2.37), Orlando ($2.40), and Tallahassee ($2.40).
Fuel Fundamentals
(Based on weekly data provided by the EIA)
- Crude oil prices slipped to the lowest weekly average in a month ($49.43)
- Wholesale gasoline futures prices plummeted last week, falling to the lowest level in 8 weeks
- U.S. crude inventories decreased slightly, but remain near the upper limit of the average range.
- Domestic crude production climbed by 13,000 barrels per day
- Gasoline demand remains muted so far this year. Demand has been unable to match last year's record highs, spurred by low pump prices.
- Gasoline supplies rose 1.4 percent last week and nearing last year's levels
- Gasoline production ramped-up by 4.3 percent
- Refineries are humming along at record levels in the wake of stagnate demand
Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com. Motorists can find the lowest gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
| | Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Highest Price on Record |
| National | $2.388 | $2.392 | $2.420 | $2.305 | $2.208 | $4.114 (7/17/2008) |
| Florida | $2.419 | $2.425 | $2.458 | $2.291 | $2.208 | $4.079 (7/17/2008) |
| Georgia | $2.257 | $2.262 | $2.282 | $2.167 | $2.162 | $4.164 (9/15/2008) |
| Tennessee | $2.152 | $2.155 | $2.173 | $2.044 | $2.041 | $4.118 (9/15/2008) |
| Click here to view current gasoline price averages | ||||||
