TAMPA — Florida gas prices have followed a downward trend through the past two weeks. During that time, the state average declined 17 cents per gallon.
On Monday, Sept. 4, the state average price for regular gasoline was $3.70 per gallon. That was almost 20 cents more than what drivers paid on Labor Day, last year.
“Although gas prices have recently declined, Florida drivers paid the most expensive Labor Day gas prices since 2012,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “Where pump prices go from here is unclear, because oil and gasoline futures prices are moving in opposite directions.”
Gasoline futures dropped by nearly 20 cents last week, as summer blend gasoline leaves the market and expectations are that fuel demand will move lower after Labor Day. Conversely, the U.S. price of oil jumped to a new 2023 high. Friday’s closing crude price of $85.55 per barrel was 7% higher than the week before and the most expensive daily settlement since December. The upswing is attributed to reports that Saudi Arabia would likely extend its 1 million b/d production cuts through October, which would contribute to continued tightness in global oil supplies.
• Most expensive metro markets – West Palm Beach-Boca Raton ($3.85), Naples ($3.80), Gainesville ($3.79)
• Least expensive metro markets – Pensacola ($3.47), Crestview-Fort Walton Beach ($3.47), Panama City ($3.52)
Ways to Save on Gasoline
• Combine errands to limit driving time.
AAA Resources for Drivers
• Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
• Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
• Find the lowest gas prices in your area by using the free AAA mobile app.
• Determine anticipated fuel costs for your trip by using the AAA’s Gas Cost Calculator.
AAA Gas Price Averages
Click here to view current gasoline price averages