Gas price update

Average retail gasoline prices in Florida have fallen 3.5 cents per gallon in the past week, averaging $2.48/g yesterday, according to GasBuddy’s daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 1 cent per gallon in the last week to $2.51/g, according to gasoline price website

Including the change in gas prices in Florida during the past week, prices yesterday were 21.8 cents per gallon higher than the same day one year ago and are 13.1 cents per gallon lower than a month ago. The national average has decreased 5.0 cents per gallon during the last month and stands 22.0 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on March 12 in Florida have ranged widely over the last five years: $2.26/g in 2017, $1.89/g in 2016, $2.45/g in 2015, $3.47/g in 2014 and $3.76/g in 2013.

“Oil prices remain volatile yet several dollars off recent highs. Gasoline prices remain in somewhat of a limbo as a result, with a mixed bag at pumps across the United States,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Thus far, we have seen a market that’s lacked solid upward movement when it usually sees exactly that. This could lend weight to oil prices being too high, but at the same time, we continue to see if any major disruptions occur at U.S. refineries to offset any devaluation in the price of oil. So far the balance is in the middle, but threats remain in the months ahead- we’re still expecting a surge, so motorists aren’t off the hook by any means yet.”

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