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Last chance for cheap gas? Experts say price drop may stop.

Demand in gasoline will rise as stay-at-home orders are lifted, AAA predicts

We've gotten used to low gas prices during the coronavirus pandemic, but they might start to go back up as stay-at-home orders are loosened. (IStock)

FORT LAUDERDALE, Fla. ā€“ If you want to take advantage of the cheapest gas prices, itā€™s about time to fill ā€™er up.

Florida gas prices are likely nearing their floor as most of the state prepares to begin reopening today, the American Automobile Association says.

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The belief is that the loosening of stay-at-home restrictions will boost demand in gas ā€” though, of course, Miami-Dade, Broward and Palm Beach counties arenā€™t allowed to open non-essential businesses quite yet.

ā€œThe phased reopening of businesses and restaurants will signal a return to the road for many Florida drivers,ā€ AAA spokesman Mark Jenkins said. ā€œGas prices have plummeted 65 cents in the past 10 weeks. While the increased demand may not cause a pump price surge, it may signal the eventual end of the plunge at the pump.ā€

The average price for a regular gallon of unleaded gasoline in the state is $1.76 this morning. Thatā€™s two cents cheaper than the national average and itā€™s more than a full buck cheaper than at this time last year ($2.79), according to AAA.

Prices are a bit higher in South Florida, where the average in the Fort Lauderdale metro area is $1.88, and in the Miami metro area itā€™s $1.87.

West Palm Beach-Boca Raton has some of the most expensive gas in the state at $1.93. Thatā€™s still a whole lot cheaper than their price of $2.85 a year ago.

Yet based on the number of cars lined up to get into marinas this weekend, itā€™s clear that South Floridians are out on the roads and this gas-pump relief wonā€™t last forever.


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