An important fall in oil prices caused a significant decrease in the cost of gasoline in various areas of Florida, with an average reduction of 15 cents per gallon.
According to the weekly report from AAA - The Auto Club Group, published by El Nuevo Herald, the average price in the state reached $3.16 per gallon last Sunday, the lowest level since February 12, 2024. This decrease represents a considerable economic relief for drivers.
The price dropped 15 cents in just one week, according to AAA. The total is significantly lower than the maximum recorded this year of 3.64 per gallon, and it is more relevant when compared to the historical record of 4.89 dollars in June 2022.
Mark Jenkins, spokesperson for AAA, explained that the drop in oil prices has reduced the cost of gasoline production, which suggests that prices could continue to decrease.
"Currently, around 23 percent of retailers in Florida have prices below $3 per gallon, and this figure is likely to increase in the coming days," Jenkins stated.
The price of a barrel of oil in the United States fell to 67.67, the lowest level since June 2023. This reduction of nearly 6 dollars per barrel (-8 percent) compared to the previous week was driven by economic concerns both in the United States and globally, as well as by the expectation that oil supplies could exceed demand by the end of the year. Just a month ago, the price of a barrel was above 80, highlighting the magnitude of the recent drop.
Quoted by El Nuevo Herald, AAA also reported on prices in the main metropolitan markets of Florida, where West Palm Beach-Boca Raton reported the highest prices with an average of $3.45 per gallon, followed by Gainesville ($3.37) and Panama City ($3.14).
In contrast, the areas with the lowest prices include Crestview-Fort Walton Beach (3.02), Pensacola (3.06), and Panama City (3.06).
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