Florida drivers are continuing to enjoy relatively low gas prices, even as the state average performs a weekly roller coaster of ups and downs. Last week saw the state average decline 4 cents, then jump 9 cents, before dropping another 3 cents by week’s end, a trend that experts attribute to “price cycling.”
“Price cycling remains a common occurrence at Florida’s gas pumps,” said Mark Jenkins, spokesman for AAA – The Auto Club Group. “The good news for drivers is that the higher end of that trend is much lower than it used to be.”
Over the past year, prices fluctuated between $2.91 and $3.23 per gallon. However, last week the state average peaked at $2.96, much lower.
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As of Sunday, the state average stood at $2.92 per gallon. While this is 2 cents more than the week prior, it remains significantly lower than past averages: 7 cents less than last month and 24 cents less than the same time last year.
Regional prices show a noticeable disparity across the state. The most expensive metro markets for gas were West Palm Beach-Boca Raton $3.09, Gainesville $2.99, and Naples $2.98.
Conversely, the least expensive markets were found in the Panhandle, including Pensacola at $2.67, Crestview-Fort Walton Beach at $2.69, and Panama City at $2.72.
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