Gas prices continue to drop, AAA says
SARASOTA, Fla. (WWSB) - Gas prices around the Suncoast continued to drop last week amid COVID-19 concerns, the AAA said Monday.
Across Florida, gas prices are down 3 cents from a week ago and are about to slip even lower, unless futures prices can recover from sharp declines last week, analysts predict.
“The delta strain of COVID-19 continues to drive fuel prices,” said Mark Jenkins, spokesman for AAA - The Auto Club Group. “The busy summer driving season ends in September and market watchers are worried that COVID-19 will cause demand to drop more dramatically than it has in previous years. If crude oil and gasoline futures hold at current levels, prices at the pump could drop more than 20 cents per gallon in the weeks to come.”
Wholesale gasoline prices haven’t been this low since April, when the average price at the pump was below $2.80 per gallon.
Last week, the state average dropped below $3 per gallon for the first time since Aug. 3. Florida gas prices are now averaging $2.98 per gallon. The state average is 3 cents less than a week ago, the same price as last month, 90 cents more than a year ago, and 59 cents more than this time in 2019.
- Most expensive metro markets – West Palm Beach-Boca Raton ($3.14), Panama City ($3.10), Tallahassee ($3.06).
- Least expensive metro markets – Punta Gorda ($2.86), Ocala ($2.91), Orlando ($2.92), Tampa-St. Petersburg-Clearwater ($2.92)
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