Florida gas prices jumped again last week, reacting to gains in the futures market in the week before. In full, the state average rose 12 cents per gallon, reaching a new 2024 high of $3.62/g.
Despite the recent increase, pump prices are following a similar trend to what drivers saw last spring. Sunday's state average of $3.59/g is 11 cents more than what drivers paid this time last year. However, the current price is below last year's springtime high of $3.72 - which was recorded on April 21.
"Fuel prices made modest gains in the futures market last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Analysts believe OPEC and its allies will not lift production cuts before June, even as seasonal fuel demand is projected to grow."
The U.S. price of crude finished the week 3% stronger than the week before. However, Friday's closing price of $83.17 per barrel is 30 cents less than the 2024 high, recorded a week earlier. Meanwhile, gasoline futures also finished the week in line with the prior week.
Visit GasPrices.AAA.com to view state and local average gas prices
AAA GAS PRICE AVERAGES |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | |
National | $3.535 | $3.536 | $3.533 | $3.319 | $3.501 |
Florida | $3.590 | $3.603 | $3.508 | $3.362 | $3.476 |
Georgia | $3.321 | $3.325 | $3.353 | $3.200 | $3.227 |
Click here to view current gasoline price averages |
Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
About AAA - The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 64 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.
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