Florida gas prices drop to 3-month lows, AAA reports

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Florida gas prices dropped to their lowest levels in three months last week, AAA confirmed Monday.

According to AAA, the state average was $3.33 per gallon on Sunday after dropping 15 cents last week.

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ā€œThe discount at the pump has largely been driven by falling oil prices,ā€ said Mark Jenkins, spokesman, AAA - The Auto Club Group. ā€œHowever, 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.ā€

According to AAA, the U.S. price of crude oil settled at $87.69 per barrel Friday ā€“ ā€œ$4.90 per barrel (6%) more than the week before, but well below the $93/b highs we saw on September 27th.ā€

ā€œThe increase came after The Group of Seven (G7) announced plans to provide financial assistance to Ukraine by tightening sanctions against Russia,ā€ AAA reported in a press release. ā€œThe market is also uneasy about the Israel-Gaza conflict. On Sunday night, the price of oil was trending lower in overnight trading. "

The most expensive metro markets are currently West Palm Beach-Boca Raton ($3.53), Naples ($3.49), and Tallahassee ($3.45). The least expensive metro markets are Pensacola ($3.16), Crestview-Fort Walton Beach ($3.19), and Orlando ($3.25).


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Amanda Batchelor is the Digital Executive Producer for Local10.com.

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