USA Today Images

Gas Prices continue downward drift in Florida

AAA reports 2-cents per gallon dip on increased inventories and crude drop

March 20, 2017 - 6:57 pm

ORLANDO (by Alan McBride/FLA. NEWS NETWORK) -- AAA auto club group is reporting that gas prices have declined 14 of the last 16 days.

During that time, the national average price has declined 2 cents.

Florida gas prices averaged $2.26 per gallon on Sunday.

That price, 2 cents less than a week ago, reflects the downward trend on the national level.

Pump prices have drifted lower on increased inventories and declining oil prices, according to analysts.

AAA cautions that, while prices are falling now, the fundamentals are pointing higher.

Officials note that Gulf Coast refineries are moving into their peak maintenance season, causing them to reduce gasoline production at a time when demand is slowly rising.

Analysts say that seasonal trend could push gas prices 25-50 cents higher by June, unless oil prices do not recover as expected.

In Florida, the most expensive markets remain the West Palm Beach-Boca Raton, Miami, and Fort Lauderdale markets.

The least expensive metro markets are Tampa-St. Petersburg-Clearwater, Jacksonville, and Orlando.

Comments ()