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The average price of gasoline in Florida dropped this Monday to $3.94 per gallon, a slight improvement driven by a fragile ceasefire with Iran that opened the possibility of reopening the Strait of Hormuz, according to data from AAA — The Auto Club Group, reported Florida Politics.
The price had increased three cents during the past week, but it fell back to $3.95 on Sunday and dropped another cent this Monday, now seven cents below the average of the previous week, although it is 88 cents more expensive than in April 2025.
The triggering factor for the relief was Iran's offer to lift its control over the Strait of Hormuz in exchange for the United States lifting its naval blockade on Iranian ports and putting an end to the conflict, according to a report by the Associated Press.
A fragile ceasefire remains in effect after weeks of extreme volatility. The conflict began on February 28 with Operation Epic Fury, a joint offensive by the U.S. and Israel that destroyed 90% of Iran's missile arsenal.
Iran responded by closing the strait on March 4, which caused Brent crude to spike from $67 to over $126 per barrel and triggered a significant increase in gasoline prices in Florida.
In Florida, gasoline peaked at $4.198 per gallon on April 7, with extreme cases like Miami Beach, where a Shell station charged $5.39 per gallon.
A first ceasefire mediated by Pakistan was agreed upon on April 8, but negotiations in Islamabad failed days later.
The U.S. imposed a naval blockade on April 13, Iran closed the strait again on April 18, and Trump indefinitely extended the ceasefire on April 21.
Despite this week's drop, analysts warn that the respite may be short-lived. Crude oil prices rose 13% last week to $10.55 per barrel, and gasoline futures increased by 46 cents per gallon, signs pointing to new upward pressures.
“Gas prices in Florida have fluctuated week by week after reaching their peak earlier this month,” said Mark Jenkins, spokesperson for AAA. “They could rise again soon, following increases in crude oil and wholesale gas prices.”
Within the state, the cheapest markets are Panama City ($3.68), Pensacola ($3.69), and the Crestview-Fort Walton Beach area ($3.74). The most expensive are West Palm Beach-Boca Raton ($4.13), Gainesville ($4.02), and Fort Lauderdale ($4.01).
The national average stands at $4.11 per gallon. California is at the top with $5.95, followed by Hawaii ($5.66) and Washington ($5.48), while Oklahoma ($3.50), Kansas ($3.53), and Arkansas ($3.60) record the lowest prices in the country.
The Trump administration had warned that prices could continue to rise if the conflict remains unresolved, while Treasury Secretary Scott Bessent projected gasoline to be around $3 per gallon in the summer of 2026, conditioned on the definitive reopening of the strait, a prospect that today seems as possible as it is fragile.
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