Gas price update

Florida gas prices have fallen 5.2 cents per gallon in the past week, averaging $2.40/g today, according to GasBuddy’s daily survey of 8,237 stations. Gas prices in Florida are 1.3 cents per gallon higher than a month ago, yet stand 37.8 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Florida is priced at $2.09/g today while the most expensive is $3.09/g, a difference of 100.0 cents per gallon. The cheapest price in the entire country today stands at $1.89/g while the most expensive is $5.49/g, a difference of $3.60/g.

The national average price of gasoline has fallen 2.4 cents per gallon in the last week, averaging $2.63/g today. The national average is up 6.5 cents per gallon from a month ago, yet stands 25.1 cents per gallon lower than a year ago.

Historical gasoline prices in Florida and the national average going back a decade:
October 14, 2018: $2.78/g (U.S. Average: $2.88/g)
October 14, 2017: $2.47/g (U.S. Average: $2.46/g)
October 14, 2016: $2.25/g (U.S. Average: $2.24/g)
October 14, 2015: $2.20/g (U.S. Average: $2.30/g)
October 14, 2014: $3.21/g (U.S. Average: $3.17/g)
October 14, 2013: $3.27/g (U.S. Average: $3.33/g)
October 14, 2012: $3.71/g (U.S. Average: $3.79/g)
October 14, 2011: $3.40/g (U.S. Average: $3.44/g)
October 14, 2010: $2.81/g (U.S. Average: $2.81/g)
October 14, 2009: $2.43/g (U.S. Average: $2.46/g)

“As expected, the national average has reverted to declining in the midst of resolution to refinery issues in the West Coast, while lower demand also weighs on oil prices, leading to modest relief in some areas of the country,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While a partial trade deal with China may temporarily interrupt continued relief, the devil will be in the details- will any potential trade deal lead to solid expectations for economic growth in the U.S.? If so, then expect oil prices to follow to higher ground, before taping off after new optimism brings a small rally to oil, but if the latest talk of a trade deal is believed to be more like lipstick on a pig, then I expect gas prices will continue to decline. Either way- one thing holds true no matter if there’s a trade deal or not- and that’s that California motorists will see relief in the weeks ahead after refinery issues have abated.”