Politics

Florida gas prices lower in 2026 so far, but global uncertainty could change that

Published

on


Gas prices in Florida are lower than they were a year ago, but uncertainty in global markets could change that soon, according to AAA — The Auto Club Group.

The state average price of $2.83 per gallon Sunday was 8 cents more than a week ago, but was 15 cents less than a month ago and 29 cents less than a year before.

So far, recent developments in Venezuela haven’t destabilized oil prices. Friday’s closing price for U.S. crude was $57.32 per barrel, up just 58 cents from the previous week.

Venezuela was once a significant producer of crude oil, but its exports have been limited for years due to sanctions. Analysts say global supply remains sufficient, an AAA press release said, though any major disruption could apply upward pressure on prices.

“Florida gas prices are lower than a year ago because oil supplies have been steady and demand has softened compared to previous years,” AAA spokesperson Mark Jenkins said in a statement.

“While global events can influence prices, there’s no indication yet that recent developments will have a significant effect.”

In 2025, Florida’s average daily gas price was $3.04 per gallon — roughly 25 cents cheaper than in 2024. AAA said prices were lower last year largely due to increases in global oil production and a slowdown in demand growth after the post-pandemic surge in 2024.

The highest daily average in 2025 was $3.23, compared to $3.64 in 2024. The lowest 2025 average was $2.74, while 2024’s low was $2.99.

Currently, the least expensive metropolitan market for Florida motorists is the Crestview-Fort Walton Beach area, where a gallon of gas costs $2.56, followed by Panama City ($2.61) and Pensacola ($2.63).

The most expensive market, meanwhile, is West Palm Beach-Boca Raton ($3), followed by Naples ($2.90) and Gainesville ($2.90).

Nationally, Florida is in the middle of the road, gas price-wise.

The lowest average gas price this week is in Oklahoma ($2.21), followed by Iowa ($2.32) and Colorado ($2.36).

The states with the highest gas prices are the usual suspects: California ($4.23), Hawaii ($4.41) and Washington ($3.83).



Source link

Trending

Exit mobile version