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Florida reached its lowest average price for gasoline in over a year this Sunday, standing at $2.97 per gallon, according to data from the American Automobile Association (AAA).
This figure represents two cents less than the minimum recorded in 2024 and is the lowest average daily price since December of last year.
The drop in prices is significant: 13 cents less than last week, 13 cents less than a month ago, and 55 cents below the price recorded on the same date in 2023, reported the digital portal of News 6 WKMG.
For drivers filling up a 15-gallon tank, the average cost is now $44.55, which represents a savings of $8.25 compared to last year.
Mark Jenkins, spokesperson for AAA, explained that "the low oil prices and high levels of gasoline production have contributed to this decline, not seen in over a year."
However, he warned that seasonal factors such as refinery maintenance, increased demand during spring, and the transition to summer gasoline could put upward pressure on prices in the coming weeks.
Currently, more than 70% of gas stations in Florida sell gasoline for under $3 per gallon.
The lowest 10% averages $2.76 per gallon, while the highest 10% averages $3.35 per gallon.
The average price in Florida remains nearly 20 cents below the national average, solidifying the state as one of the most affordable in the country for fueling up.
Recently, the White House stated that the administration of Donald Trump is successfully reducing the cost of essential products like gasoline and eggs, in an effort to rectify what they describe as the “economic disaster” left by former president Joe Biden.
At a conference, White House Press Secretary Karoline Leavitt stated that the country is in "a period of transition" and that the president remains committed to policies aimed at restoring economic stability.
"If you look at the president's first mandate, his economic formula was clear: massive deregulation, tax cuts, and an energy boom that reduced the cost of living," Leavitt said.
According to his statements, Trump is employing the same strategy in his current management, claiming that "in fact, it's even better this time."
In that regard, in February, the price of gasoline in Florida was unstable, as it rose by 12 cents and then dropped by 8 cents a few days later.
However, drivers encountered an average state price of $3.08 per gallon, which is 6 cents higher than what was observed at that time, 10 cents less than the previous month, and 24 cents lower than at the same time in 2024, according to a report from CBS News.
Frequently Asked Questions about the Drop in Gas Prices in Florida
Why are gasoline prices falling in Florida?
Gas prices in Florida are decreasing due to factors such as the drop in oil prices and the increase in gasoline production. Mark Jenkins, spokesperson for AAA, attributes this decline to "the low oil prices and strong levels of gasoline production," which has brought the average price per gallon to $2.97, the lowest in over a year.
How much have gasoline prices decreased compared to last year?
The average price of gasoline in Florida is now $2.97 per gallon, which represents a decrease of 55 cents compared to the same date in 2023. This means that filling a 15-gallon tank costs $44.55, saving drivers $8.25 compared to last year.
Where can I find the lowest gas prices in Florida?
In Florida, more than 70% of gas stations are selling gasoline for under $3 per gallon. Areas with the lowest prices include Crestview-Fort Walton Beach, Panama City, and Pensacola, while places like West Palm Beach-Boca Raton have the highest costs.
What factors could affect future gasoline prices in Florida?
Mark Jenkins from AAA warns that seasonal factors such as refinery maintenance, increased demand during spring, and the transition to summer gasoline could put upward pressure on gasoline prices in the coming weeks.
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