Florida gas prices dropped about 2 cents through the weekend after rising about 17 cents per gallon last week, AAA reported Monday.
According to AAA, last week saw a two-month high of $3.58 per gallon on Thursday.
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“Florida gas prices surged 32 cents per gallon during the past two weeks,” said Mark Jenkins, Public Relations Manager, AAA - The Auto Club Group. “It’s unusual to see big gains like this in January, but global fundamentals have kept upward pressure on prices at the pump. Oil investors are bullish that global fuel demand will rise now that China, the world’s largest oil importer, is reopening its economy.”
AAA reported in a news release that oil prices declined 2% last week after rising 10% the previous two weeks.
“Gasoline futures also declined 6 cents last week, after skyrocketing 40 cents per gallon the previous two weeks on the NYMEX,” the news release stated.
The most expensive metro markets are currently West Palm Beach-Boca Raton ($3.74), Sebastian Vero Beach ($3.64), and Port St. Lucie ($3.64).
The least expensive metro markets are Panama City ($3.31), Crestview-Fort Walton Beach ($3.32), and Pensacola ($3.40).