Florida gas prices see 10-cent dip but experts expect another increase
Florida gas prices are rebounding from last week’s 2023 highs after falling 10 cents over a nine-day period.
The state average was $3.74 per gallon, marking the lowest daily average price since July 31, according to the latest data from AAA. Florida drivers are still paying about 8 cents more than they were this time last year.
Lower gas prices might not stick, according to AAA spokesman Mark Jenkins.
“Last week, gasoline futures prices rebounded to the same levels that led to the 2023 highs we saw earlier this month,” said Jenkins. “Since it can sometimes take a week or two before changes in the futures market hit the retail side, drivers could see gas prices move higher early this week or next.”
Last week: Rising gas prices and energy bills are the cost of extreme heat felt throughout Florida
Refiners continue to struggle with hot weather, which is responsible for reducing petroleum output at a time when gasoline demand typically surges.
Extreme heat can cause complications for refiners in the form of equipment failures, in addition to regional electrical outages and severe weather.
"It's not uncommon to see gas prices fluctuate during the summer months," Jenkins said. "The long-term forecast is unclear, as hurricane season remains a major wild card. Gas prices could spike if a hurricane threatens refineries along the Texas, Louisiana and Mississippi coastlines.”
Cheapest gas in Florida
The cheapest gas in Florida can be found in the following regions:
Crestview-Fort Walton Beach — $3.54
Panama City — $3.57
Pensacola — $3.57
Most expensive gas in Florida
The most expensive gas in Florida can be found in the following regions:
Gainesville — $3.83
Naples — $3.88
West Palm Beach-Boca Raton — $3.91
This article originally appeared on Pensacola News Journal: Florida gas prices see 10-cent dip but experts expect another increase
