The average price of gasoline in Florida has decreased by 10 cents in recent days and currently stands at $3.11 per gallon, which represents the lowest value recorded in the last two weeks.
Thus, reported this Monday the American Automobile Association (AAA), which anticipates a possible further drop in prices during this week, with the potential for the state average to fall back down to the threshold of 3 dollars per gallon.
“The recent drop in crude oil prices is already impacting prices at the pumps,” said Mark Jenkins, spokesperson for AAA, in comments quoted by Diario Las Américas. “It is likely that the state average will continue to decrease this week, possibly approaching the $3 per gallon threshold again.”
Why is gasoline decreasing?
The trend responds to the 12% drop in oil prices in the United States over the last 15 days, equivalent to more than 7 dollars per barrel, as well as a decrease of 24 cents per gallon in gasoline futures during the same period, which is already reflected in the state's gas stations.
Additionally, there is a decrease in seasonal demand for fuel and a slowdown in the global energy markets, factors that have also contributed to the decline in crude prices.
Current prices by region
These were the average prices reported this Monday, April 14th:
Florida (state average): $3.11/gallon
Miami-Dade:
Regular: $3.03
Medium: $3.46
Premium: $3.69
Regions with higher prices:
West Palm Beach-Boca Raton: $3.25
Naples: $3.21
Sebring: $3.21
Regions with lower prices:
Crestview-Fort Walton Beach: $2.81
Pensacola: $2.85
Panama City: $2.87
At the national level, the average price of gasoline is $3.18 per gallon, which represents a decrease of six cents compared to last week and 45 cents less than a year ago.
Tips for saving on fuel
AAA also provided recommendations to maximize fuel efficiency and reduce expenses: Combine errands and reduce unnecessary trips; drive smoothly, avoiding sudden stops or accelerations; and limit the weight of the vehicle: removing 100 unnecessary pounds can improve fuel efficiency by 1% to 2%.
He also stated that it is beneficial to compare local prices using mobile applications, such as AAA's, and to pay in cash, as some stations charge additional fees for credit card payments.
This relief in prices comes just as spring begins, a season when road trips in Florida increase. Although the trend may vary with changes in the energy market, drivers are currently enjoying some financial relief.
Frequently asked questions about the drop in gasoline prices in Florida
Why is the price of gasoline dropping in Florida?
The price of gasoline in Florida is decreasing due to the 12% drop in oil prices over the past two weeks, a reduction of 24 cents per gallon in gasoline futures, and lower seasonal fuel demand. These factors have contributed to the average price approaching 3 dollars per gallon.
What are the regions with the lowest gasoline prices in Florida?
In Florida, the regions with the lowest gas prices include Crestview-Fort Walton Beach, Pensacola, and Panama City. Prices in these areas are significantly lower compared to other regions of the state, providing substantial relief for local drivers.
How can AAA help save on gas?
AAA offers several recommendations for saving on gasoline. Combining errands to reduce unnecessary trips, driving smoothly to avoid harsh braking, and paying in cash are some of the suggested strategies to maximize fuel efficiency and reduce expenses.
How does the current price of gasoline compare to last year?
On a national level, the average price of gasoline is 45 cents lower than it was a year ago. In Florida, although prices have decreased recently, they are still slightly higher than during the same period last year, reflecting a trend of relief in fuel costs.
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