Florida gas prices at lowest level since late January, but will it last?

Florida’s gasoline costs have continued to say no, dropping 8 cents final week, AAA reported Monday.

In line with AAA, the state common was $3.22 per gallon on Sunday.

The state common has declined a complete of 12 cents throughout the previous 10 days and is now 36 cents lower than the very best value of this yr.

“Florida gasoline costs are at their lowest degree since late January,” stated Mark Jenkins, Public Relations Supervisor for AAA – The Auto Membership Group. “The current dip was pushed by falling oil costs. Sadly, that downward pattern ended final week, and oil costs are again up, which implies gasoline costs are prone to get dearer quickly.”

In line with AAA, the U.S. value of oil jumped 4% final week, rising greater than $3 a barrel to $79.68/b.

That is the very best every day closing value in additional than two weeks.

“It’s quite common to see gasoline costs rise this time of yr,” Jenkins stated. “Gasoline demand in Florida typically reaches its highest level of the yr, throughout March. That’s as a result of warming temperatures entice Floridians, winter residents and spring breakers to all journey Florida roads. As well as, that is the time of yr when oil refineries conduct seasonal upkeep and start producing summer time gasoline, which is dearer to supply than the winter gas.”

The most costly metro markets are at present West Palm Seaside-Boca Raton ($3.48), Miami ($3.33), and Fort Lauderdale ($3.32). The least costly metro markets are Crestview-Fort Walton Seaside ($3.07), Panama Metropolis ($3.11), and Orlando ($3.13).