Gas price update

Average retail gasoline prices in Florida have fallen 0.7 cents per gallon in the past week, averaging $2.41/g yesterday, according to GasBuddy’s daily survey of 8,237 gas outlets in Florida. This compares with the national average that has increased 1.1 cents per gallon in the last week to $2.40/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Florida during the past week, prices yesterday were 35.6 cents per gallon higher than the same day one year ago and are 15.4 cents per gallon higher than a month ago. The national average has increased 11.1 cents per gallon during the last month and stands 29.2 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on April 17 in Florida have ranged widely over the last five years: $2.05/g in 2016, $2.46/g in 2015, $3.74/g in 2014, $3.50/g in 2013 and $3.93/g in 2012.

“The national average gasoline price climbed to its highest level since September 5, 2015 on the $6 per barrel rise in oil prices over the last few weeks, supported by last week’s decline in oil inventories and pressure from geopolitical tensions,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.

“While some states in the Great Lakes saw average gasoline prices ease after leading the nation by rising double digits each of the last two weeks, most the country saw a continued rise. However, the national average may reach its peak for the year in the next few weeks barring major escalation in Syria as refiners have generally concluded seasonal maintenance work and summer gasoline’s May 1st deadline for refiners is just around the corner. While average prices are far below their 5-year average, they remain notably higher than last year. Today shows just 405 gas stations in the U.S. selling gasoline at $2 per gallon or less, a far cry from a year ago when over 80,000 stations were at the level.”

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